XRPUSDSHORTS trade ideas
Record XRP/USD Shorts looking ready for a massive short squeeze!The shorts on XRP/USD are at a record all time high right now. When viewing the weekly timeframe we can see that nearly every time we have a massive discrepency like that, we get a big dump of at least 30% in the following week. With up to 50-60% dump in the weeks after.
This would be a maximum pain scenario. First they flushed out all the leverage longs leaving the XRP/USD longs at a near all time low, and then they reverse it by going after the easy money, flushing out the shorts next. Which would result in an incredble number of liquidations and closed positions, each forcing shorters to market buy and push up the price, creating a price cascade towards the upside. Should this play out over the coming weeks, the results would be EPIC.
XRP SHORTS LOOKING WELL OVERSOLDEven my 4 year old daughter could figure what happens next on this chart. A BIG RED CANDLE enters and destroys everyone short positions.
People shorting XRP is at an ATH!!!! CRAZY if you ask me! Yes we had a "healthy" and scary "CORRECTION but we have V bottomed perfectly on the FIB retracement level.
Have people have lost faith in XRP and are shorting it to go even lower?
We all know what happens to the masses! They get burnt. I would be changing those leverage SHORT SELL ORDERS TO LONGS FOLKS....
If your shorting XRP let me know. Would be interesting to see why
Ripple are about to break some massive news in the next week and people are shorting XRP = CRAZY!