XPR, don't sell now
Updated
So, for starting I'm pretty pissed off at myself because I wasn't home and I couldn't swing this one, secondly I'm pissed off at myself because 3 days ago I sold expecting a dump but then I FOMOed and I rebought losing 4%.... but as this happens to me very often, my analysis wasn't wrong, it was just too early. I see things coming too early (I swear I'm not trying to brag) and it's also a bad thing because then I think my analysis isn't correct and instead.... I SHOULD WAIT!
HERE starts my real TA:
as you can see the dump is almost close to the 0.786 which is were most of trends do a reversal. Even indicators show a slight change of the momentum, soon it will start going up again. Selling now means trying to catch a 5% when instead you risk to lose much more as it dumped over 20% since my wedge broke down. At this point you can either do as follows:
From another point of view this drop is creating a falling wedge, I'll post something about tomorrow or the day after.
Good luck
HERE starts my real TA:
as you can see the dump is almost close to the 0.786 which is were most of trends do a reversal. Even indicators show a slight change of the momentum, soon it will start going up again. Selling now means trying to catch a 5% when instead you risk to lose much more as it dumped over 20% since my wedge broke down. At this point you can either do as follows:
- if you have bought XPR at higher price and have fiat to invest you can start buy again, I'd go 50% now and set a buy closer to 0.786 Fib line so that you lower your entry price;
- if you don't have money (like me) and you already have XPR, then DO NOT SELL for any reason because this is going reverse soon;
- if you don't have XPR at all and have money... follow my first point as well
From another point of view this drop is creating a falling wedge, I'll post something about tomorrow or the day after.
Good luck
Note
I told you it was about to reverse! Congrats if you followed my advice of not selling. Note
the week has just started, however my first impression is that we'll have another red weekly candle which I hope it'll be a reversal candle and then the XPR will start again going up.
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