BINANCE:XRPUSDT.P   XRP / TetherUS PERPETUAL CONTRACT
we may have caught ourselves a falling dagger.

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Trade active:
dca .61~~
Trade closed manually:
hit my trailing stoploss amidst adding to the position.

the worst kind of feelings: then you see the price immediately take action in the opposite direction, therefore i was correct to add in the areas i did, but moved the stop tolerance too high.

awaiting reentry for futures, but this does not affect my curent spot position in the slightest: happy with accumulation in there.

possibility that we get a 2nd confirmation low before returning to range back in the 70 cent channel. an xrp channel between .65 and .785 would be the most bullish scenario i could imagine for1-2 weeks...

current plan of action; swing trade the peak forming currently and try to catch a short scalp in order to enter long. this long is going to be slowly built up and added to in the green, increased up to 2.28x before reaching problem of stop loss.
Trade active:
Found a good pullback on this flag to reenter
keeping tight stops due to .618 retracement zone and watching 50 ma on 5min / 15min.
Comment:
looking at .64 reentry targets
Order cancelled:
missed entry dca by .01 before mini rally.

watching the steam blow off of the top here, and revised outlook longterm adjusted for this current channel developing upwards. waiting on bottom confirmations, will resume some type of revised long strategy // see

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