XRP/USD LONG POSITION - NEED TO ADMIT THAT THE BULLS ARE STRONG

Analysis: I give up shorting XRP since there is a huge hype around crypto again. I was expecting a lower low before another major rise but I think its not the case. If we look at the chart of XRP we can observe a reversed head and shoulders pattern with a retest pullback from yesterday. This could be a potential confirmation of a bullish upside momentum pushing the price to the 2$ level. The potential percentage gain on this trade is nearly 40% on spot. By applying some leverage you can add some nitrous to this momentum as well but use proper risk management with leverage.


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Trade closed: stop reached