Disclaimer: This is not financial advice
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
We all know who the big bear is at Ripple, I'm speaking of the Ripple foundation of course, and Jed McCaleb. Ok let's forget about politics for now, Ripple has broken an important multi-year downtrend line but for now it still seems to want to test lower prices. As Bitcoin took a tumble these last couple of days Ripple lost an important level at 0.29, this open the door to the 0.23 area. There is also where I expect a bounce in the mid term, but in the meantime I'm looking for some leveraged short. A good level to start is 0.29, a bounce back there would be a short squeeze, so perfect for a high leverage short targeting 0.26 and eventually 0.23 area.
Entry: 0.285-0.29, SL: 0.2930 TP1: 0.2582 TP2: 0.24
In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
We all know who the big bear is at Ripple, I'm speaking of the Ripple foundation of course, and Jed McCaleb. Ok let's forget about politics for now, Ripple has broken an important multi-year downtrend line but for now it still seems to want to test lower prices. As Bitcoin took a tumble these last couple of days Ripple lost an important level at 0.29, this open the door to the 0.23 area. There is also where I expect a bounce in the mid term, but in the meantime I'm looking for some leveraged short. A good level to start is 0.29, a bounce back there would be a short squeeze, so perfect for a high leverage short targeting 0.26 and eventually 0.23 area.
Entry: 0.285-0.29, SL: 0.2930 TP1: 0.2582 TP2: 0.24
Trade active:
We have reached a good for a leveraged short, I'd start with a small x10 then scale up as we approach 0.29, SL 0.2930