The CEO of an exchange admits it was wrong to require XMR customers to provide information about their intended use; the requirement has been withdrawn, and XMR will remain listed.
Listing news tends to follow a familiar pattern, usually in three stages:
① News breaks: sentiment surges first, and the price often rises;
② Before and around the listing: profit-taking is most concentrated, and “buy the rumor, sell the news” is common;
③ After the listing: supply and demand take over, and trading volume determines whether the gains hold.
$XMR latest: 578.31, 24h: -5.67%. It’s still in stage ①.
The more urgently you chase at the open, the deeper the pullback can be.
Listing news tends to follow a familiar pattern, usually in three stages:
① News breaks: sentiment surges first, and the price often rises;
② Before and around the listing: profit-taking is most concentrated, and “buy the rumor, sell the news” is common;
③ After the listing: supply and demand take over, and trading volume determines whether the gains hold.
$XMR latest: 578.31, 24h: -5.67%. It’s still in stage ①.
The more urgently you chase at the open, the deeper the pullback can be.