$XPL (4-hour): huge SELL-OFFS ongoing, GOLDEN POCKET support

XPL is right inside of the GOLDEN POCKET (66c - 71c) and EXTREMELY oversold. Normally I would jump in, not this time.

In the recent update I pointed out HUGE selling volumes and OBV signaling distribution. In simple terms, some people/entities have been dumping heavy.

And the red volumes got even bigger yesterday, and more dumpage evidenced in the on-balance-volume indicator.

Many people will but here automatically because it's 'cheap' (nearly 60% down from the ATH two weeks ago).

Not for me. I do have spot bought at an average price of $1.1 and that will be fine if/when the project starts gaining adoption.

But currently, some big players have been selling and I don't intend to be their exit liquidity.

By the way, this last crash was predicted accurately by a RSI HIDDEN BEAR divergence which popped at support (82c). Put a vertical white line in that place for you to see.

I will update when any solid signs of a reversal to the upside show up. Staying away from #Plasma for now. 💙👽