Ripple (XRP) • Back into above higher support
After the lawsuit saga and the massive short interest we got a massive shakeout.
XRP is now back some significant levels which induct bullish bias.
There is good chance we see another massive shakeout (and get stopped) but i think is worth to assign low-risk position size long trade in the eventuality we end up actually breaking out.
The reason we do it before breakout it is because we can risk smaller with higher RR rather than catching up later with poorer entry and forcing into bigger position relative to the one that can be open earlier with less risk allocation.
XRP is now back some significant levels which induct bullish bias.
There is good chance we see another massive shakeout (and get stopped) but i think is worth to assign low-risk position size long trade in the eventuality we end up actually breaking out.
The reason we do it before breakout it is because we can risk smaller with higher RR rather than catching up later with poorer entry and forcing into bigger position relative to the one that can be open earlier with less risk allocation.
D7R
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