The news that a bunch of major Korean banking giants are lining up to attend the Ripple Seoul event just exploded—$XRP is now trading at 1.5138, down 2.33% over the past 24 hours. Does the market not buy it at all?
The so-called “good news” where institutions put their stamp on things is basically a pre-written playbook for a clear-cut dump. Before the news even dropped, the main players had already pulled the price up in advance. Now they’re using the good news to sell into the strength and churn for turnover. Anyone chasing higher is basically just giving the institutions a chance to offload to retail “greens.”
If you really want to get in, don’t rush. Wait for a pullback toward the support area around 1.4, then place orders in batches. Hold your spot position steadily—don’t get shaken out by wick spikes. For futures traders, cut leverage to below 5x, and set your stop-loss properly. Don’t “hold and pray.”
Is this move by the big players for accumulation or for distribution? Accumulation: deduct 1. Distribution: deduct 2
#Write2Earn #BinanceSquare #XRP Futures #TradingTournament
The so-called “good news” where institutions put their stamp on things is basically a pre-written playbook for a clear-cut dump. Before the news even dropped, the main players had already pulled the price up in advance. Now they’re using the good news to sell into the strength and churn for turnover. Anyone chasing higher is basically just giving the institutions a chance to offload to retail “greens.”
If you really want to get in, don’t rush. Wait for a pullback toward the support area around 1.4, then place orders in batches. Hold your spot position steadily—don’t get shaken out by wick spikes. For futures traders, cut leverage to below 5x, and set your stop-loss properly. Don’t “hold and pray.”
Is this move by the big players for accumulation or for distribution? Accumulation: deduct 1. Distribution: deduct 2
#Write2Earn #BinanceSquare #XRP Futures #TradingTournament
