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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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.