buy on weakness

Bought Monero on the Dip After Binance Drop

When Binance dropped Monero, it likely triggered a short, sharp decline down to 100. That sell-off looked like a panic move rather than a structural change to Monero's fundamentals.

I started buying again around the 12x level and added positions on the weakness. My entries reflect a conviction that the dip is temporary and that price can recover once the market digests the news.

I remain cautious about exchange-driven volatility and am using measured sizing and stop management until a clearer trend reasserts itself.

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Analysis

The Binance action appears to have caused a transient liquidity-driven drop rather than a change in Monero's fundamentals. Buying at the dip (12x) is a tactical response to a short-term overreaction, ...

Recommendation

Buy on weakness: consider adding size incrementally while using stops and tight position sizing. Treat this as a tactical trade on a possible rebound rather than a guaranteed recovery; monitor exchang...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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