Big dip over past 24 hrs which has created a fractal like effect- looking for a big bullish move over the next week or so as a response. Stay tuned.
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We had a clean entry, however the lack of bullish activity makes me wonder if this is going to be the push to launch into the next triangle.
I put in a stop that will basically serve as a breakeven stop with minimal profit, to protect ourselves. Looking for another move after we see how things play out.
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Stop was closed out, yielding minimal profit- but it's great to give a trade a try and not lose any money.
Looking for a new entry, likely closer to the black line below, looking at next week at this point.
big sell off = fake pump. They were probably just pumping it so that it would be in the spotlight for consensus.
tradeformula
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@zmassey, I'm not so convinced it's a known decision from a select group of people, but a response from TA signals. Most trading is done by algos, which derive their direction from TA overbought/oversold data.
I mean it's quite possible that there are trading rooms, and everyone decides to sell XRP short- but what informs that decision? TA