XRP/USD: Pending short position!!!
Updated
I decide to short XRP and put a place to sell in $0.3510 cents.
In Daily timeframe, we see a bearish channel perspective that now, XRP broken down this chartist pattern and it's lead to reach $0.22 cents.
So, if you want to short XRP, You can to put a place at $0.3510 USD, Stop Loss to $0.4225 USD, and take profit to $0.21 cents. This it's a risk/benefit: 1:2
Also, if you want to short cryptocurrencies, take note to use the risk management and trade in a broker that you allow to trade whole financial market like Simple FX.
I hope that this analysis support you if you found out a crypto to trade!!! I trade in swing trading a lot.
In Daily timeframe, we see a bearish channel perspective that now, XRP broken down this chartist pattern and it's lead to reach $0.22 cents.
So, if you want to short XRP, You can to put a place at $0.3510 USD, Stop Loss to $0.4225 USD, and take profit to $0.21 cents. This it's a risk/benefit: 1:2
Also, if you want to short cryptocurrencies, take note to use the risk management and trade in a broker that you allow to trade whole financial market like Simple FX.
I hope that this analysis support you if you found out a crypto to trade!!! I trade in swing trading a lot.
Note
I'm shorting XRP from $0.3510 exaclty!!!
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