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IvanLabrie
Nov 22, 2020 12:40 AM

XRP: Good reward to risk here... Long

XRP / US DollarPoloniex

Description

I'm publishing this one, since it's a huge reward to risk trade here. I like the setup and it's worth holding a small position in this, or building one slowly during the next 2 months. Upside is significant, see the white box for reference. Invalidation would be if we get a 50% drop or so from here, so you can't really risk too big on this idea. It's a long shot trade, but definitely worth your time with a reward to risk over 84 to 1...There's an airdrop coming, which will likely add some extra profits to your XRP position if you choose to enter.

dailyhodl.com/2020/11/20/xrp-utility-fork-incoming-heres-how-to-prepare-for-the-highly-anticipated-flare-airdrop/

Best of luck!

Ivan Labrie.

Trade active

If not in, we had a chance to buy the dip here:

I'm back in, had sold a tad higher before this drop.
Long term trend still possible after this shakeout.

Comment

Went a tad lower, but it hit the long term buy zone, looks good overall.

Trade closed manually

Depressing, so much selling hitting this from insiders...barely moved considering the target range, but it is what it is. Done.
Comments
jhypark
Thanks for sharing your ideas.
ultrapower
I bought when i read this, I am up already, thank you very much, I hope you will update this once in a while, have a nice day sir.
IvanLabrie
@ultrapower, we will need a lot of patience with this one. If you want to read my day to day commentary, my clients have access to a Slack group with channels for each market I cover, plus the trading alerts via Telegram as well. This is only a small taste of the trades we can catch. A very solid one I think.
Cheers!
SebastianMa
Is this still valid with all the bad news?
IvanLabrie
@SebastianMa, stop loss hit
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