XRP Trading Strategy After the SEC Complaint [Continued]
We all realise now that it is very dangerous holding XRP long term, as its future is less certain than it has been before. However, big announcements and newsworthy events only happen once every so many months. The SEC complaint will also take a very long time to play out. Inbetween those events there is plenty of technical analysis that can be performed.
I will keep sharing ideas and trade set-ups for XRP. The volatility is amazing, and the support and resistance zones are still playing out as normal. Just be careful you don't enter a trade during when big announcements are to be made. Be safe and trade with a stop-loss on XRP!
This idea shows an example of how you could trade XRP right now, purely based on TA. We are seeing a clear support and resistance zone. I know it looks small, but there's an insane 30% gap in between them.
To get a great risk-reward on your set-up make sure you buy as low as possible to the support zone (that means, the price right now is too high... wait for it to drop first!) and sell as close as possible to resistance. I'm thinking of a buy around $.226 and a sell around $.3. This gives you a risk reward ratio of 1:2.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
I will keep sharing ideas and trade set-ups for XRP. The volatility is amazing, and the support and resistance zones are still playing out as normal. Just be careful you don't enter a trade during when big announcements are to be made. Be safe and trade with a stop-loss on XRP!
This idea shows an example of how you could trade XRP right now, purely based on TA. We are seeing a clear support and resistance zone. I know it looks small, but there's an insane 30% gap in between them.
To get a great risk-reward on your set-up make sure you buy as low as possible to the support zone (that means, the price right now is too high... wait for it to drop first!) and sell as close as possible to resistance. I'm thinking of a buy around $.226 and a sell around $.3. This gives you a risk reward ratio of 1:2.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
In my following idea I will go more into depth on what you can do next: