Looks like an simple trade to me. Great strength and overall backed by the trend where crypto lending products are pumping. The structure is very bullish and we could see Ripio follow Aave which has just had a strong pop. Despite the massive volatility it has held very well and it is creeping up. These trends usually end with a strong rally and don't just die down.
This is at least a 2:1 trade and the target could actually be much higher. I don't think it will top soon, but this could be a good first target.
From now on all my ideas will be recorded and stored here on TV. After missing another trade today by my own stupidity (not shorting the SPX at a level I had marked), it is time for me to take advantage of the Tradingview 'immutable blogchain'. I will try to write down and put out only the best ideas so that I can have a clean view of what is best and also be accountable to myself. Many times I have ideas I really like and never execute, so this could be a great way for me to do what I say (both as a reminder, having a better view and accountability). It will be a great way to get more people to get clean ideas which I haven't been sharing so far.
This is at least a 2:1 trade and the target could actually be much higher. I don't think it will top soon, but this could be a good first target.
From now on all my ideas will be recorded and stored here on TV. After missing another trade today by my own stupidity (not shorting the SPX at a level I had marked), it is time for me to take advantage of the Tradingview 'immutable blogchain'. I will try to write down and put out only the best ideas so that I can have a clean view of what is best and also be accountable to myself. Many times I have ideas I really like and never execute, so this could be a great way for me to do what I say (both as a reminder, having a better view and accountability). It will be a great way to get more people to get clean ideas which I haven't been sharing so far.
Trade closed: stop reached:
Was stopped out on RCNBTC. Will keep on monitoring that one as my stop was mostly taken out by the high volatility (small token) and the trend will continue. Now it might take same time for it to resume
