A lot is going on with XRP. The SEC charges are serious business, and many exchanges followed up on this quickly thereafter by delisting XRP completely. However, if you know me I am a trader and not an investor. You can earn great money even while trading the crème de la crap.
I want to highlight some fantastic scalp opportunities on XRP that give that warm and fuzzy feeling even to the most conservative traders out there. XRP is not only very low at the moment, it is also extremely volatile.
I suggest safe and low positions amounts, but definitely entering with some longs right now. The panic is definitely over, the bottom has been seen and frequently we see some sort of upwards correction. I suggest to buy and try to get at least 20%, 30% in on your trades. Which is absolutely nothing compared to the volatility is is traded at, at this moment.
What's very fascinating to me is to see the insanity of what small movements on a volatile coin can do. This mini correction from the bottom of XRP already represents a 47% gain.
I have been looking into the XRPUP token recently from Binance. Looking at that same token for this tiny correction is equivalent to a 135% gain even. Personally, I don't plan to actually follow this idea to the T. The core principles I believe are true, and I will keep trying to buy low and sell high - regardless of the circumstances. Or should I say ESPECIALLY during these circumstances? The panic following the SEC complaint can give us great great long opportunities. Overall, I will try to benefit from shorter upwards movements using the XRPUP token, focusing on say 20% at a time. This might seem much but literally only spans across several hours.
I prefer the XRPUP token over trading with leverage as the leveraged tokens cannot liquidate you and therefore give more safety. Even if you are wrong, you can choose to hold and wait until the price bounces back near your entry. With leverage you cannot do this and get liquidated in the process.
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- Trading Guru
-------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Comment
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Hi everyone, I've continued this concept in a new idea.
The price is indeed going up now, and I know it seems small. But if you zoom in you can see the gains are actually amazing right now. Go check out this new idea to see how you can profit from it
I will be posting more of these regularly, so follow me to find out about great trading opportunities
powersmurfuk
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@Trading-Guru, I see you have a correction down to .19 - u still think that's the case given the current pricing?
belalb3
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How to Trade XRP After the SEC Complaint IS BY NOT TRADING IT
There are other coins with more potential for the short to long term hold better than XRP.
I would suggest to cut losses and invest in somethin else. You might make what you lost faster
Trading-Guru
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@belalb3, Fair enough! Which coins are you looking at right now?
@belalb3, I am totally in on your top 12. The others -therefore- I will look into. Thank you. Why didn´t you list Cardano (ADA)? I might have one or two other coins for you, eg EWT