Lucky me, the XML is down to 0.265 and I lost approximately 1200$. What do you more experienced ALT coin traders suggest? May I also add that it is my FIRST time investing in any cryptocurrency.
Bought at 0.355 now is at 0.265. Almost 30% down.
My friend, do not panick. The crypto market are known to fluctuate at any time, and except you bought XLM as a day trader or regular trader, the price may delay to bounce back. But if you bought as an Investor, I only advice you to hold your XLM for the near future. It will recover.
I have been a regular trader of XLM since October 2019. I had bought XLM at $0.07 and sold at $0.09 but today, it has pump to $0.267. I think, except you are a day trader expecting the price to pump as you had brought at $0.355, but it does not work this ways all the time. As price is pumping high, there are those that bought at lower price, may be last year, they will definitely sale now that the price had pump. Remember, as some people are buying with the thought that it will go higher, so are some selling at a very little price difference because they are trading (traders)vise viser. The low demand through constant sales is what is playing out now, and at certain period the will be higher demand when there is constant buy orders. This is sure to happene. It is like a rotating circle that is being recording data activities over times waiting for either prices ups or down. Be patient and learn study certain trading skill, or get a good crypto signal from expert on the crypto economy.