XRP Still got room to fall

25 de jul. de 2023

Broke out of the channel and has failed to hold 2 supports.

Following a clear Downtrend on the hourly

Entered short at 0.78, will add a SL just above S2, if we break S1 will try a close out the position on the retest is SL isn't triggered.

Target for this short is 0.65 area, will setup a SL at 0.67 if 0.65 target is it and see how much further we can ride the price down.

*This is just an idea, not financial advice, purely for learning purposes.

25 de jul. de 2023

Trade ativo

Still keeping this position open, on the hourly we've struggled to retake the support, I personally cant see us breaking/holding it if no big news come out. S

SL is still in play and Target still 0.65

26 de jul. de 2023

Trade ativo

Trade is still running, looks like XRP is trying to decide which direction it wants to take on the hourly.

Playing in the 0.68 - 0.716 range at the time of this post. SL is still in play, Doesn't seem to be holding above the support at the time of this update. Still believe we will see more downwards movement unless there's a significant break/bounce on the S1 with volume to back it.

SL is still in play and in profit

27 de jul. de 2023

Trade fechado: stop atingido

SL was triggered, took a nice 89% trade home.

XRP looking like it's finding support around these levels, might consider going Long at .70 level for a quick scalp back towards the .72/3 level. Will see how things play out.