Ripple veteran Nik Bougalis returns with news that he’s rewriting the core code of the $XRP ledger—just exploded, and now $XRP is stuck at 1.5285, down 2.58% over the past 24 hours. Is the old routine of ‘news and chart moving in opposite directions’ not over yet?
A lot of new “greens” see the veteran’s return and start yelling to rush to $2. Let me pour some cold water: the market has only just broken a resistance level and already pulled back. This kind of news is often the big players using a ‘good-news’ pretext to rotate positions for turnover. The real institutions with real money are already squatting there, waiting for retail to chase and bag the shares.
If you really want to get involved, don’t let emotion take over. Wait for the daily chart to pull back to around 1.5 and confirm support, then place limit orders in batches. Hold your spot and don’t get shaken out by a wick. Reduce contract leverage to below 3x—don’t go all-in.
If you’re bullish and trying to push for a new high, hit ‘1’; if you think it’s a bull trap designed to unload, hit ‘2’
#Write2Earn #BinanceSquare #XRP XRPL #TradingTournament
A lot of new “greens” see the veteran’s return and start yelling to rush to $2. Let me pour some cold water: the market has only just broken a resistance level and already pulled back. This kind of news is often the big players using a ‘good-news’ pretext to rotate positions for turnover. The real institutions with real money are already squatting there, waiting for retail to chase and bag the shares.
If you really want to get involved, don’t let emotion take over. Wait for the daily chart to pull back to around 1.5 and confirm support, then place limit orders in batches. Hold your spot and don’t get shaken out by a wick. Reduce contract leverage to below 3x—don’t go all-in.
If you’re bullish and trying to push for a new high, hit ‘1’; if you think it’s a bull trap designed to unload, hit ‘2’
#Write2Earn #BinanceSquare #XRP XRPL #TradingTournament
