XRP pumped very nicely but it's time for a correction.
Pump was based mostly on FOMO and after this euphoria stage passes people will realize it's not the next bitcoin and they don't want to pump such an over inflated coin, and the correction will begin.
Chart reminds me very much of the bch run, and i expect ripple to cool off soon and begin its next bear trend/consolidation to around $1+
shorting at $2.39
Pump was based mostly on FOMO and after this euphoria stage passes people will realize it's not the next bitcoin and they don't want to pump such an over inflated coin, and the correction will begin.
Chart reminds me very much of the bch run, and i expect ripple to cool off soon and begin its next bear trend/consolidation to around $1+
shorting at $2.39
Trade active:
looks like we might not even make it to 3.39, shorting at 2.25
Comment:
might not make it to $2.39 ****
Trade closed: target reached:
both the stoploss and profit targets were hit, depending where you shorted and whether or not you closed the short at the end of the timeline, might be in profit or in loss. Overall seems like a success, was close to calling the top and had a nice correction :)