Having just really moved sideways over the past week we still see No Good Reason to be short here.
XRP Sellers may be rewarded if right, but clearly the Risk to Reward opportunity is still with the buyers.
As stated in previous post the Crypto Market is extremely Volatile & anyone trading it has to have both their
MONEY MANAGEMENT
& Trading DISCIPLINE In Check.
The swings in the Crypto currency market don't take any prisoners.
It's easy to get completely wiped out using excessive leverage without good knowledge or discipline.
Any how we are still long XRPUSD ripple and will wait for the ride to begin.
Many times the market will have a trader trading in and out of a position many times exhausting their patients before the market makes the big move one was waiting for.
For that reason we build a plan based on preferred and optional entry areas, when trading crypto and wait for the opportunity to enter, then just sit back and let the market do the work.
(Nothing in trading is guaranteed but you can't win if your not in)
XRP Sellers may be rewarded if right, but clearly the Risk to Reward opportunity is still with the buyers.
As stated in previous post the Crypto Market is extremely Volatile & anyone trading it has to have both their
MONEY MANAGEMENT
& Trading DISCIPLINE In Check.
The swings in the Crypto currency market don't take any prisoners.
It's easy to get completely wiped out using excessive leverage without good knowledge or discipline.
Any how we are still long XRPUSD ripple and will wait for the ride to begin.
Many times the market will have a trader trading in and out of a position many times exhausting their patients before the market makes the big move one was waiting for.
For that reason we build a plan based on preferred and optional entry areas, when trading crypto and wait for the opportunity to enter, then just sit back and let the market do the work.
(Nothing in trading is guaranteed but you can't win if your not in)