AssetMasteryandInvesting

XRP blow off top on the way? 0.59-0.61c

Long
BINANCE:XRPUSDT   XRP / TetherUS
Hi traders,

I have closed 60% of the XRP short position from 0.53c and have fully (equally) hedged the initial trade position with a long.

ENTRY
0.493
TP 0.588-0.61
SL 0.475

Looking to see a blow off top for XRP on the daily/weekly, which still have plenty of time considering the weekly has still 6 days remaining. Seems likely even given the weekly timing starting red.

We can not say for certain price is going to dump from here/i am not comfortable leaving the short unhedged. So lets play it safe.

Good luck ,

Asset Mastery
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.