Joop.XL

$XRP Is this a dead cat bounce or do we have a uptrend?

Joop.XL Updated   
Yesterday I closed my short on the 2hr timeframe, this was a very nice 13% profit. But then i made a mistake, FOMO. I re entered based on the same 2 hr time period, this morning there was something with a dead cat. My short was closed and i had a loss. I need to stick to my strategy, close above the cloud and 26 ema start looking for a long, for a short the other way around. But i need to do this within a 4 hr time period.

Takeprofit of more than 10% is good for now. I'm using a leverage of 3 so it brings 30% to my balance. In the end it was a good trading day yesterday, i reached my weekly target. Keep on trading, keep on learning !

I still think we will have another drop, if BTC goes down (below 6150) XRP will follow !
Comment:
Not much happening, waiting on a close below the cloud. That low is my point of going short.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.