Short XRP, tight stop
Targets:
0.5580
0.5454 (should it occur)
Leaving small amount on the table if it runs deep
Stop: ~>=0.591
Reasoning:
High funding
VPR showing curved top
Felt like it
Notes:
Should be actively monitored, I don't trust trailing stops
I will not be actively monitoring this trade
Picture for clarity if the main chart isn't scaled correctly
Zoomed out to 2hr chart
Check out the monthly candles, not something you see everyday
0.5580
0.5454 (should it occur)
Leaving small amount on the table if it runs deep
Stop: ~>=0.591
Reasoning:
High funding
VPR showing curved top
Felt like it
Notes:
Should be actively monitored, I don't trust trailing stops
I will not be actively monitoring this trade
Picture for clarity if the main chart isn't scaled correctly
Zoomed out to 2hr chart
Check out the monthly candles, not something you see everyday
Trade closed: target reached
Partial stopped for 80% of position size, then the rest hit target and closed. Should have set long side bids.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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.