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XPL this round of adjustment is basically in place. Some time ago, I released 40,000 USDT from another position and then moved all of it to a certain exchange to start operations. Among them, I directly invested 30,000 USDT to go long on XPL, and also added 20,000 USDT as margin reserve in the account. This way, I have an overall exposure of about 60,000 USDT in the position.
Speaking of XPL, I actually traded it once before—at that time, I took profits decisively when the price surged to the top of the gainers list. This time, as the price retraced and adjusted, the technical signals have already confirmed that I can enter directly. The current price is around 0.142, and there is clear support at this level, which is a retracement from the previous high.
The strategy is simple: first, lay in the spot position, then patiently wait for a rebound and upward trend. For risk control, I set the liquidation line below the previous low at 0.1100, which leaves enough room for adjustment and protects the principal. Once the market moves up, I will gradually reduce positions or follow the trend to hold. The specific operation depends on the breakout and breakthrough situation at that time.