XRP has moved up with BTC and all crypto market, but it is still weak either if moving up, I think it will retrace to lower level soon, I would sale at different level, always with confirmation at DH R3 - 0,3542, or upper end of the channel - 0,3654 or at break of the support line; would start with 25% short position as the trend is bullish so if BTC and the whole market moved up XRP will just follow ; selling is not the best approach, but in the case of XRP it is still the best approach, the company need to overcome all the legal issues that are open; TP could start at DO
Note
Waiting for the right moment and price to short, market in a tiny pullback, i am not convinced to short yetTrade active
small short open 10% postion, not yet full convincedNote
short increasecd to 25% with tight stopNote
short increased to 40%Trade closed manually
Trade closed with decent profit, will see wha BTC will do prior reenter short , average buy price 0,3570 buy price 0,3530
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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.