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Aliman_trade
Apr 19, 2019 12:51 PM

XRP / USD  Short

XRP / DollarBitfinex

Description

QUICK MOVE.

SMALL POSITION SIZE SCALP.

FAKEOUT AND CLOSE BACK INTO TRIANGLE SHOWS SIGNS OF CONTINUOUS DOWN TREND, AS WITH CRYPTO MOVES CAN BE QUICK.

SO IM TAKING A SMALL SHORT HERE TO SEE IF THIS BREAKS.

RISK MANAGEMENT WITH CRYPTO SHOULD BE 25% OF WHAT YOU WOULD USUALLY TRDE WITH AS SPIKES CAN HIT YOUR STOPS A LOT EASIER THAN IN TRADITIONAL MARKETS.

IF WE BREAK FROM TRIANGLE AGAIN I MAY SET A BREAKOUT POSITION AS IT COULD PUSH HIGHER TOO.

Trade closed: target reached

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