Let's talk about the recent move in $XMR : -4.1% in 1 hour.
Sharp drops are often accompanied by large-scale liquidations of leveraged long positions. After the washout, there may sometimes be a technical rebound. Here's my usual approach: I don't rush to chase a sharp rally or to sell during a sharp drop. I wait for prices to settle down a bit before reassessing.
Sharp drops are often accompanied by large-scale liquidations of leveraged long positions. After the washout, there may sometimes be a technical rebound. Here's my usual approach: I don't rush to chase a sharp rally or to sell during a sharp drop. I wait for prices to settle down a bit before reassessing.
