BINANCE:XRPUSDT.P   XRP / TetherUS PERPETUAL CONTRACT
Hello my subcribers,
Today, I want to give you short analysis about XRP position. In this report, I do not use any indicator or tools, just based on BULL-BEAR rule.
+ General: It is easy for identifying that upward is current trend. Therefore, I will priotize for LONG position.
+ Strategy: Waiting for price drop-back strong bull-based, create new upward movement.
+ XRP situation: After making strong bullish movement from bottom, XRP completed its retest movement at strong bullish movement. At retest area, we have a smaller upward trend line with higher bottom and higher top. It’s mean that bull is back and get its power. Because of reason, I decide to open LONG position as below:
+ Coin’s name: XRPUSDTPER
+ Leverage: 50x
+ Entry price: 0.347x.
+ Take-profit 0.35xx
+ Stop-loss: 0.3460.
Noted that, this is scalping trading, price’s reaction is very quickly so that please manage your position carefully.
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