That sudden rally just now was interesting. The earlier wave of sharp drop scared a lot of people, but after $XPL failed to continue breaking down, it instead pushed from 0.08436 all the way to 0.09339, with longs up 760.05% in profit.

Back then, the most critical thing wasn’t how much it fell, but how fast it reclaimed after dipping. A lot of people panic when they see the sudden sell-off—the first reaction is that the market is going to get worse—but here it didn’t seem to be the case. After panic was shaken out, nobody was really willing to keep selling below.

I made this trade by watching liquidity. After sweeping around once, if the price doesn’t keep moving downward, the upside space is more likely to open up. XPL’s move this time shows clear extension, which suggests the prior sell-off was more like a cleansing, not a trend breakdown.

Now that you have profits, don’t be too greedy. Take 70% off in batches at first, keep the remaining 30% with a protection level and continue to watch. If you didn’t get in, don’t rush in just because it’s up—don’t chase. Wait for the next opportunity.

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