Hello my subcribers, Today, I want to give you short analysis about XRP position. In this report, I do not use any indicator or tools, just based on BULL-BEAR rule. + General: It is easy for identifying that upward is current trend. Therefore, I will priotize for LONG position. + Strategy: Waiting for price drop-back strong bull-based, create new upward movement. + XRP situation: After making strong bullish movement from bottom, XRP completed its retest movement at strong bullish movement. At retest area, we have a smaller upward trend line with higher bottom and higher top. It’s mean that bull is back and get its power. Because of reason, I decide to open LONG position as below: + Coin’s name: XRPUSDTPER + Leverage: 50x + Entry price: 0.347x. + Take-profit 0.35xx + Stop-loss: 0.3460. Noted that, this is scalping trading, price’s reaction is very quickly so that please manage your position carefully.
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.