Looking at $XPL in this wave of market movement, the candlestick chart shows quite an interesting pattern—after an initial surge, it pulled back and is now stuck at a relatively low point. But honestly, relying solely on a single historical candlestick chart to accurately predict whether it will go up or down next is basically unrealistic. There are too many variables influencing the price.
What is truly worth paying attention to? Trading volume. If the price starts to rebound and trading volume also significantly increases, it indicates genuine capital entering the market, and the upward momentum could be quite strong. On the other hand, if you only see a slight price increase but trading volume remains unchanged, it’s probably just a short-term rebound, and the risk is quite high. There’s also a possibility of further decline later on.
So, the key is to look at the combination of price and volume—this determines the authenticity of the trend.
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CountdownToBroke
· 14h ago
Insufficient volume support is a rebound trap; not many people understand this principle.
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BagHolderTillRetire
· 21h ago
Volume is the key, candlesticks are just superficial skills.
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MemeTokenGenius
· 21h ago
Without increasing volume, it's just a false rebound. This wave of XPL is very clear.
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OnChainArchaeologist
· 21h ago
If the trading volume isn't enough, don't follow the trend to push the price up. I'm also watching the rebound of $XPL this time.
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CalmLife
· 22h ago
Only those who truly build solid infrastructure will be the long-term winners.
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ProposalDetective
· 22h ago
Volume truly is a truth detector; ignoring it and only looking at candlesticks is purely self-deception.
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orphaned_block
· 22h ago
Don't be overly optimistic if the volume doesn't match up; many people have missed the bad position of XPL.
Looking at $XPL in this wave of market movement, the candlestick chart shows quite an interesting pattern—after an initial surge, it pulled back and is now stuck at a relatively low point. But honestly, relying solely on a single historical candlestick chart to accurately predict whether it will go up or down next is basically unrealistic. There are too many variables influencing the price.
What is truly worth paying attention to? Trading volume. If the price starts to rebound and trading volume also significantly increases, it indicates genuine capital entering the market, and the upward momentum could be quite strong. On the other hand, if you only see a slight price increase but trading volume remains unchanged, it’s probably just a short-term rebound, and the risk is quite high. There’s also a possibility of further decline later on.
So, the key is to look at the combination of price and volume—this determines the authenticity of the trend.