Told you we were watching $XRP, and it just did exactly what we thought it would. Here is the trade.
Entry: 0.9975-1.003
TP1: 0.98048
TP2: 0.97048
TP3: 0.96047
SL: 1.01
Price rallied straight into resistance and stalled there, no follow through at all. Buyers showed up late and got stuck holding the top, that is usually when shorts start printing.
Volume faded right at the highs while wicks kept getting rejected. Risk is tight at 1.01 and this one is offering a clean move down if sellers keep control.
You taking the short or waiting for a retest of the highs first?
watch this space.
$XRP $BTC
Entry: 0.9975-1.003
TP1: 0.98048
TP2: 0.97048
TP3: 0.96047
SL: 1.01
Price rallied straight into resistance and stalled there, no follow through at all. Buyers showed up late and got stuck holding the top, that is usually when shorts start printing.
Volume faded right at the highs while wicks kept getting rejected. Risk is tight at 1.01 and this one is offering a clean move down if sellers keep control.
You taking the short or waiting for a retest of the highs first?
watch this space.
$XRP $BTC