jhypark
Short

XRP next price action and potential long position price

BITFINEX:XRPUSD   XRP / U.S. Dollar
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I am waiting next price action of XRPUSD
If the upper line of the long-term uptrend channel break,
we may test lower line of channel,
and long position can be 0.41$ area, hopefully bounce back to upper line again to 0.70$.
(since this chart is log scale, this uptrend channel means exponential growth!)

It can be also looks like fractal of last year or a wyckoff accumulation pattern, so, my position is short now.
Comment:
I prepared order @0.51-0.45 area for 30% of the total asset (orange line of the chart), also booked order @ 0.40-0.42$ area for 60% of the asset. IF the order not filled, whatever the price is, I will buy @june 21,22,23,24,25,26 each day, buy 10% of the asset. I expect(bet) the last small drop and huge bounce is imminent.
Trade active: long position open(5%)
Trade closed: stop reached
Trade active: 50% of asset in XRP, 10% in BTC: pretty big portion is in the long position, if price goes down, stop loss trigger also can make big loss......
Trade active
Comment: my exit plan: booked sell order @0.62-69$ area, IF this booked order not filled, whatever the price is, just sell from the day July 8(25%), and the other 25,25,25% in less than 3 days.
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