Ripple (XRP) - Trade Update @coinselor
Compared with what other alts are doing, I am not a big fan of XRP's price action. That said, price has been creeping back up to that critical S/R level at around 3325.
I am extremely proud of being long XRP and not shaken out after such a massive 40% move in BTC. I have a feeling most people got stopped out. The key is entering early after a range breakout. The biggest difficulty with alts is stop placement, you want to be extremely wide given how volatile and hard they wick, but the trade must still make sense from a risk-reward POV.
I am extremely proud of being long XRP and not shaken out after such a massive 40% move in BTC. I have a feeling most people got stopped out. The key is entering early after a range breakout. The biggest difficulty with alts is stop placement, you want to be extremely wide given how volatile and hard they wick, but the trade must still make sense from a risk-reward POV.
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