Hello, as ripple is still up because of a supposed win in the xrp lawsuit im eyeing to short it.
XRP is very likely a security and the hopium of the xrp cult members to win the case is the sole reason for the good performance in recent weeks.
As it is soon approaching what i see as important resistance im taking a short arround 0.6 USD.
XRP is highly centralised and its purpose is to enrich the founders.
hopefully we will see 0.6USD test before crypto in general falls off a cliff.
im using low leverage and sl like 3-5% above my entry.
always DYOR :)
ps. i wont discuss with cult members in the comments how good xrp is, so spare your comments.
XRP is very likely a security and the hopium of the xrp cult members to win the case is the sole reason for the good performance in recent weeks.
As it is soon approaching what i see as important resistance im taking a short arround 0.6 USD.
XRP is highly centralised and its purpose is to enrich the founders.
hopefully we will see 0.6USD test before crypto in general falls off a cliff.
im using low leverage and sl like 3-5% above my entry.
always DYOR :)
ps. i wont discuss with cult members in the comments how good xrp is, so spare your comments.
Note
The top could have already happened.if one uses only 1x leverage then it may would make sense to already stack shorts.
As im using 3x personally, im waiting for 0.6 else i may not take a position at all.
Note
adjusting my original plan, i think top already happened and eyeing to short in this zone instead with close stoploss. if i happen to get stoplossed i will reshort in my original short zone.
Trade active
didnt took the trade personaly as my money is already in active trades but it reached the short entry i described above so ill put it active
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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.