XRP is one of the weakest pair of the Top 10 in the crypto market, it is bouncing at the buttom of the channel, i would sale a rejection at the Resistance line or DO and ML , would wait for confirmation before entering a short position and would take a look at BTC how is moving, but RSI on 15 M is overbought so should start resetting soon with a pullback, as RSI on 30 and 1H is not yet in overbought area need to look at them as well ; tight stop and make sure to check first on confimation of rejection
Trade active
open a 10% position shortNote
XRP is floating just under DO has not been rejected yet, i am waiting to see if there will be a rejection to increase the short positionNote
increased short position to 25%Note
increased short to 40% positionNote
trade is becoming risky as XRP has not been rejected yet at ML and could pop up to SL; waiting to check on the small asc. wedge to play out hopefully downTrade closed manually
Closed as the trade is invalidated becouse there was not rejection at DO or ML
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.