If you're still treating long-range alts like $XPL as dead, stop now.
Too many traders keep rotating into the next hot narrative and get wrecked on the dump. Meanwhile the real setups sit in consolidation for months waiting for a catalyst.
$XPL has been stuck in this same range for almost 8 months and it's finally showing some decent moves today. I'm holding a spot position here looking at those potential bullish unlocks in a few days. This is strictly a medium timeframe trade. Nobody should be dreaming of a return to $1 anytime soon, not with $BTC still calling the shots for the whole market.
The skeptics have a point. Token unlocks usually bring selling and 8 months of chop is enough to drain all the hype. I hear it. But these compressed ranges often resolve violently when an event actually lands, and today's price action looks like someone is positioning early. That's the camp I'm in.
What's your take on sitting through ranges like this versus chasing the next $ETH pump?
#AltcoinSeason #XPL #CryptoTrading
Too many traders keep rotating into the next hot narrative and get wrecked on the dump. Meanwhile the real setups sit in consolidation for months waiting for a catalyst.
$XPL has been stuck in this same range for almost 8 months and it's finally showing some decent moves today. I'm holding a spot position here looking at those potential bullish unlocks in a few days. This is strictly a medium timeframe trade. Nobody should be dreaming of a return to $1 anytime soon, not with $BTC still calling the shots for the whole market.
The skeptics have a point. Token unlocks usually bring selling and 8 months of chop is enough to drain all the hype. I hear it. But these compressed ranges often resolve violently when an event actually lands, and today's price action looks like someone is positioning early. That's the camp I'm in.
What's your take on sitting through ranges like this versus chasing the next $ETH pump?
#AltcoinSeason #XPL #CryptoTrading
