So xrp broke bullish out of that pennant. Technicals showing bearish divergenve on the 1hr rsi, and potential bear cross on macd. I said I would long it. But upon some reflection with btc defending the trendline of support, and dominance bounceing from it's trendline, a long on this looks risky. Moreso than a short. So I"m shorting this puppy. Let see what the market things.
Trade closed manually:
Closed xrp short with 5% loss. Dominance seems to be breaking down through the trendline and if this is the case alts are going to pump.
Already in 2 risk free trades. No need to risk it. 5% loss is already covered by the two take profits from ltc short and xbt long. Risk management is the most important part of trading. Not entries and exits. This channel is not just signals. I know you can see that.
Already in 2 risk free trades. No need to risk it. 5% loss is already covered by the two take profits from ltc short and xbt long. Risk management is the most important part of trading. Not entries and exits. This channel is not just signals. I know you can see that.