Hi Traders,
Along with the XRP short one can consider BTC & ETH shorts at present.
The downward channel is sitting in the fake-out price action area along with the price building up lower lows on the recent support area one would think its time to long - BUT as highlighted by the range rectangle its just a trap, price has remained within the price action range and is more than likely to have a third 15% dump from this price point.
Looking to take out the leverage build up and hit the new low target of 16/17k, which we may bounce off initially to squeeze some shorts so i will consider opening a long in that range.
ENTRY above 20k
SL 20650
TP1 18.6k
TP2 17.1k
Goodluck,
Asset Mastery
Along with the XRP short one can consider BTC & ETH shorts at present.
The downward channel is sitting in the fake-out price action area along with the price building up lower lows on the recent support area one would think its time to long - BUT as highlighted by the range rectangle its just a trap, price has remained within the price action range and is more than likely to have a third 15% dump from this price point.
Looking to take out the leverage build up and hit the new low target of 16/17k, which we may bounce off initially to squeeze some shorts so i will consider opening a long in that range.
ENTRY above 20k
SL 20650
TP1 18.6k
TP2 17.1k
Goodluck,
Asset Mastery
Comment:
Moving SL to Entry.
