Back to collectionA Sharp Rebound Leaves a Holder Hesitating
Yesterday's spike and reversal were still being debated in the group. The price plunged to $0.00655 in early trading, then buyers brought it back in the afternoon. Canceling the order did not tell him where the market was headed, but it gave him a pause from reacting to every short-term move.
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Yesterday's spike and reversal were still being debated in the group. Sisyphus had moved his XAI into a self-custody wallet. He had been watching a stop-loss order on his phone, but every price tick seemed to demand an immediate decision.
The price plunged to $0.00655 in early trading, then buyers brought it back in the afternoon. It closed at $0.007578, up 9.7% from the previous close, leaving a long lower wick on the candlestick. Some in the group called for buying the dip; others called it a shakeout. After reading the conflicting judgments, Sisyphus canceled his stop-loss order and closed the trade page.
Canceling the order did not tell him where the market was headed, but it gave him a pause from reacting to every short-term move. He planned to check his wallet balance and his own holding plan before deciding whether to place another order. The argument in the group continued, and he did not yet know how he would respond to another sharp drop.