Analysis of altcoin structure: XPL left side trading strategy sharing The huge fluctuations of altcoins are always full of charm, Many retail investors, even though they know that those 'wealth creation myths' are survivorship biases, still choose to take a risk. The shanzhai dividend often only occurs in a very short time window, Continuing the quote below, if my judgment of 'currently at the beginning of the bull market' is correct, If you put some effort into the knockoff market, there is a greater chance of capturing alpha. // Today, I plan to analyze from the perspectives of trend structure and liquidity, I would like to share with you a altcoin that I have been following recently: XPL. As shown in the attached figure, the main bullish basis for XPL at present is as follows: ➡️ Since February this year, it has maintained a "wide range oscillation" consolidation ➡️ In early June, there was a market manipulation behavior known as' Stop Hunt ' ➡️ Create Lower High at the bottom, which can be seen as a Retest for the previous Stop Hunt ➡️ Above is filled with obvious and abundant Trendline Liquidity gravity Related concept analysis: Detailed tutorial on the concept of Stop Hunt https://((((((((x.com))))))))/market_beggar/status/1907261008059777200 Trendline Liquidity Concept Explanation https://((((((((x.com))))))))/market_beggar/status/2036621311276179466 Detailed tutorial on trend structure https://((((((((x.com))))))))/market_beggar/status/1922471701105017070 Berg's old friends all know that my trading style is relatively left, Two weeks ago, the launch of BTC led many altcoins to dance along, During this period, I also took a brief glance at the counterfeit market, For me, I am more inclined to ambush varieties that are structurally beautiful but not yet activated. Of course, for high profit loss ratio left-hand trades, the sacrifice of winning rate is relative to right-hand trades, Targets like XPL, which have not yet experienced a significant surge, naturally carry high risks, After all, they did not skyrocket along with the market, which is a questionable risk in itself. The biggest potential risk for XPL at this stage is undoubtedly the massive unlocking of tokens on 09/25, This unlocking event accounts for approximately 63.2% of the current XPL token circulation, which can be considered a huge amount ⚠️ However, according to the efficient market hypothesis and the concept of "expected trading", The whole world knows that XPL will usher in a massive unlocking on 09/25, We also have to admit that the market has already priced this to a certain extent. Teaching the vernacular concept of "market trading expectations" that even grandmothers can understand https://((((((((x.com))))))))/market_beggar/status/2054377450893885740 In other words: The potential selling pressure brought by unlocking is definitely negative for the coin price; But the market is not a fool either, and various funds will definitely react to this news in advance. Moreover, not all unlocking in history has directly caused a sharp decline, Moreover, there was a surge in currency prices on the day of a massive unlocking event, For example, PYTH in May 2024. Finally, the above content is only a personal sharing of trading ideas and not investment advice, The risk of participating in the counterfeit market is extremely high. If you do not have a certain trading foundation, It is not recommended to rashly enter the battlefield based solely on short-term research. The Fate of Trading: Discussing Risk Control and Position Management https://((((((((x.com))))))))/market_beggar/status/1892777780993282379 The above is today's content. The US stock market is closed for one day today, which is probably another boring day, Wishing everyone a smooth trading week // Related reading resources Opinions on Shanzhai Season (Written on January 2, 2025) https://((((((((x.com))))))))/market_beggar/status/1874745790541001149 Briefly describe the application of altcoins and Stop Hunt https://((((((((x.com))))))))/market_beggar/status/1914178993122840898 The Door God on the Right: Two hurdles that must be overcome to open a bull market https://((((((((x.com))))))))/market_beggar/status/2094605152410116198