I wish I had a really good reason, but I don't. Yes, buying XRP contracts.
Starting to buy XRP for a long position here. Averaging down to the lower red support. I will stop out if we break below that convincingly.
Horizontal and Volume support level here. Bullish divergence on RSI, and CMF (slight)
I am pyramiding these buys and keeping this to a small position (less than 5% of total account)
Profit targets are previous highs over the past 8 months. With a stop below the lower Horizontal(red) R:R is 5.51 for 2nd to last profit target. Worth it. Could be played more conservatively and take a larger position with a stop below current Horizontal.
These are a record of my trades. Provided for educational purposes only.
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Lowest orders have filled. Waiting on rebound or stop out.
@CryptoMarauder, Yep, I was hoping for a drop to that lower support and had orders half way down that filled on the drop today. Doubled my position. Doubles again if we touch the lower support.
@Broflovsky, yep, still has not hit my lowest buy orders. Everyone who entered XRP the other day was overleveraging an area with likely stop hunts and liquidity swings. I am playing this trade conservatively and would rather miss some of my buys than try to enter too soon. Crypto_Core also just posted an XRP chart, but his buy levels are lower than mine. We will see