Ripple countertrend long trade
Updated
The whole crypto-space continues to fall with the recent Ether selloff bringing us under pressure again. However the recent move feels like capitulation selling, and Ripple has been holding relatively strong, so I think it's worth a counter-trend trade with half of your usual position. Getting long at 0.578, with an almost 1:1 risk:reward, looking for a move back to 0.60, or a stop out at 0.56.
Trade closed: stop reached
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