Ripple is trying to get back in the Trading Range. Even if it manages to do so, this weak structure indicates that it will continue its downtrend after taking a visit to the previous swing high and hunting the stops above it. That visit, is our initiation.
I agree... but stop loss will be important in this particular month given the swell conference and multiple announcements this month. also q4 report with moneygram ramping up their volume
CompositeTrader
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@ks17471, yeah, risk can be expanded in this particular setup due to high reward. Position sizing is the important part.