$XRP - TOO EARLY to open longs!
There are no signs on the spot to accumulate positions.
Smart Money - shorts are 5 times larger than longs.
What does this mean?
It's likely that massive shorts are quietly and gradually closing in parts, along with new shorts being opened, which is pulling the price down, sweeping away early-opened longs.
What's the target level?
A sharp closing of such a large number of shorts could trigger an even deeper decline to 1.049.
#XRPRealityCheck #XRPPredictions
There are no signs on the spot to accumulate positions.
Smart Money - shorts are 5 times larger than longs.
What does this mean?
It's likely that massive shorts are quietly and gradually closing in parts, along with new shorts being opened, which is pulling the price down, sweeping away early-opened longs.
What's the target level?
A sharp closing of such a large number of shorts could trigger an even deeper decline to 1.049.
#XRPRealityCheck #XRPPredictions
