$XRP Hold on to 1.30. The plunge earlier this morning didn’t break the August rebound structure. Before the US session, some people even took the opportunity at low levels to pick up more.
The market looks steady, but the story isn’t simple. Those averaging in are waiting for 1.30 and repeated confirmation; positions trapped near the prior high are hoping the price rises so they can get out of their bags. This is where it’s easiest to get chopped back and forth.
Don’t chase this rebound. For spot $XRP , if you want to stay in, buy in small portions at lower levels; set your stop-loss for the futures first. If it breaks below 1.30 and you still stubbornly hold on, you’ll go from watching the show to being part of it.
How many days can this market move last? Optimists deduct 1, cautious traders deduct 2
#Write2Earn #BinanceSquare #XRP
The market looks steady, but the story isn’t simple. Those averaging in are waiting for 1.30 and repeated confirmation; positions trapped near the prior high are hoping the price rises so they can get out of their bags. This is where it’s easiest to get chopped back and forth.
Don’t chase this rebound. For spot $XRP , if you want to stay in, buy in small portions at lower levels; set your stop-loss for the futures first. If it breaks below 1.30 and you still stubbornly hold on, you’ll go from watching the show to being part of it.
How many days can this market move last? Optimists deduct 1, cautious traders deduct 2
#Write2Earn #BinanceSquare #XRP
