$XRP #XRP
XRP is down almost 6 percent and sitting near its low. Short the bounce, not the panic.
$XRP SHORT
Entry: $1.24 to $1.26
Stop loss: $1.29
Target 1: $1.20
Target 2: $1.17
XRP is around $1.22 on CoinGecko, down about 5.9 percent in 24 hours, with a range of $1.20 to $1.31. Yesterday's XRP short from $1.29 to $1.31 already played out toward $1.24, so this is a new lower setup, not a repost of that idea. My opinion is bearish while XRP stays below $1.29, because BTC is still weak below $78,000 and the Binance news is still unresolved, and XRP usually follows BTC lower in a fear driven market. I would not chase it down at $1.22, I would wait for a bounce into $1.24 to $1.26, with a tight stop at $1.29, and I would take profit at $1.20 first rather than holding for a miracle drop.
Futures trading is risky, trade small, manage risk, do your own research.
Do you buy XRP at $1.22 here, or wait for $1.17?
#Ripple #Crypto #FuturesTrading #TradingSignals
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XRP is down almost 6 percent and sitting near its low. Short the bounce, not the panic.
$XRP SHORT
Entry: $1.24 to $1.26
Stop loss: $1.29
Target 1: $1.20
Target 2: $1.17
XRP is around $1.22 on CoinGecko, down about 5.9 percent in 24 hours, with a range of $1.20 to $1.31. Yesterday's XRP short from $1.29 to $1.31 already played out toward $1.24, so this is a new lower setup, not a repost of that idea. My opinion is bearish while XRP stays below $1.29, because BTC is still weak below $78,000 and the Binance news is still unresolved, and XRP usually follows BTC lower in a fear driven market. I would not chase it down at $1.22, I would wait for a bounce into $1.24 to $1.26, with a tight stop at $1.29, and I would take profit at $1.20 first rather than holding for a miracle drop.
Futures trading is risky, trade small, manage risk, do your own research.
Do you buy XRP at $1.22 here, or wait for $1.17?
#Ripple #Crypto #FuturesTrading #TradingSignals
Follow for more trades
