A surge in cryptocurrencies MAY come, but it should limited as it lacks any fundamental at this time.
Or the only fundamental supporting it, is to get some profit out of the traders who shorted cryptos when they thought the second price consolidation will head down as the previous one did (when bitcoin felt from $6000),
Why choose ripple from other crypto's? Only cause it s adopted as a mean of currency transfer by some major banks,
also it has overreacted in comparison to others
(e.g. look at the surge to 0.75 some 5 months ago, it came after a slight increase in other cryptos, but ripple was outstanding among them)
Also bear in mind that TP is a factor of 2-3 from the current price and SL is at .19 (that is 60% from current price), so leverage accordoingly (personally less than x1 leverage)
Or the only fundamental supporting it, is to get some profit out of the traders who shorted cryptos when they thought the second price consolidation will head down as the previous one did (when bitcoin felt from $6000),
Why choose ripple from other crypto's? Only cause it s adopted as a mean of currency transfer by some major banks,
also it has overreacted in comparison to others
(e.g. look at the surge to 0.75 some 5 months ago, it came after a slight increase in other cryptos, but ripple was outstanding among them)
Also bear in mind that TP is a factor of 2-3 from the current price and SL is at .19 (that is 60% from current price), so leverage accordoingly (personally less than x1 leverage)
Trade closed manually:
exit at 0.393
14.4% profit
Believe a fall in crypto's is coming, will look to buy XRP between 25 and 28 cents
14.4% profit
Believe a fall in crypto's is coming, will look to buy XRP between 25 and 28 cents
