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Speaking of $XPL , my opinion on it has actually been gradually formed over a complete cycle.
When I first paid attention to it, my mood was pretty good, and there was some movement in the price, so I followed the trend and bought some. Later, as the market weakened, it gave me a chance to reassess this project, and I added some positions at relatively low levels.
After experiencing the ups and downs, my mindset has changed. I no longer get so caught up in short-term fluctuations; instead, I focus on the overall trend structure. Looking at the current candlestick chart, XPL hasn't shown a clear downward trend; more often, it’s just oscillating within a certain range. For those who have experienced bull and bear markets, this is actually very important — it indicates that the market hasn't completely negated it.
What I pay special attention to is its rhythm during declines. XPL doesn’t show continuous volume surges during sharp drops, and its price corrections are relatively gentle. What does this mean? It suggests that the selling pressure isn’t concentrated, but rather the market is slowly completing a handover. Projects that are truly heading for a bad trend usually show more direct and fierce movements.
My decision to add positions at low levels isn’t based on intuition. I observe that its structure is still intact, and key support levels haven’t been effectively broken, so I decide to give it more time rather than rushing to draw conclusions.
Volume is also on my watchlist. XPL hasn’t experienced sudden disappearance of trading activity, indicating that market interest still exists. A project that is completely negated usually sees liquidity rapidly dry up — this is a very reliable indicator.
Community activity is also worth watching. The project still sees ongoing discussions on relevant platforms, which shows that people are still observing and evaluating, rather than quickly labeling and moving on. The continuation of this heat itself is a signal.
Looking back now, buying at the high points taught me how to manage emotions, and adding at low levels taught me what patience really means. Instead of chasing the ups and downs to make judgments, it’s better to focus on things that can’t be deceived — structure, volume, and heat — these are the real market signals.