I am currently starting a fresh six month trading challenge within the Cryptocurrency market. One of my rules that I will abide to, is that i will post an analysis of every single trade that I make. This means every analysis that will be posted on this TradingView Profile, is a trade that I took. I plan to be transparent with my
Entries and Exits. I also plan to keep my analysis's simple and concise. Most of my trades will be swing trades (open position ranging from a few days to over a week).
My first analysis is on the XRP/USDT pair.
Found support on the Daily level.
XRP is lying near a long-term major that can act as a great place for long positions to open. Not to mention consistent positive news on XRP near this level. (i.e. NASDAQ XRP Index News)
My position is long at 0.3025 USDT. Looking to add more to the position when price reverses.