XRP/USD GOING TO 0.25 FOR A NEW TRADING RANGE? WEEKLY ENGLISH
Updated
AMATEUR TRADER, TRADE AT YOUR OWN RISK.
We firmly tested resistance and had our fun at the top.
Eyes on BTC for further momentum, though, one thinks XRP shall stay in a trading range between 0.22-0.26...for now!
LOGIC BEHIND SHORT :
1. Rejection of higher price action.
2. Alts go where BTC goes, typically (for now hehe).
3. XRP top token slated for bank adoption (I think...).
4. ETH and XRP are correlated, glanced an article with mentions of a combined ledger (fact check me plz).
We firmly tested resistance and had our fun at the top.
Eyes on BTC for further momentum, though, one thinks XRP shall stay in a trading range between 0.22-0.26...for now!
LOGIC BEHIND SHORT :
1. Rejection of higher price action.
2. Alts go where BTC goes, typically (for now hehe).
3. XRP top token slated for bank adoption (I think...).
4. ETH and XRP are correlated, glanced an article with mentions of a combined ledger (fact check me plz).
Note
CLOSED : 9% PROFITMISTAKES : RE-ENTERRED DIRECTLY AFTER SELL TO LOSE 6%
Hasty trades reduce profits...lessons learned
Note
CORRECTION : USE STOPS
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