Traders,
I’ve chosen to take profit here on XRP for several reasons:
1) We dropped below two levels of support which are now acting as resistance.
2) I was a bit overweight in alts for my current risk tolerance level.
3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any move to the downside that BTC makes. Thus, I am simply taking my least liked trades off the table for profit and minimizing my risks until I have a clearer perspective on how price action will play out.
4) I think XRP will come back down to .48 cents for a nice re-entry area.
Stew
I’ve chosen to take profit here on XRP for several reasons:
1) We dropped below two levels of support which are now acting as resistance.
2) I was a bit overweight in alts for my current risk tolerance level.
3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any move to the downside that BTC makes. Thus, I am simply taking my least liked trades off the table for profit and minimizing my risks until I have a clearer perspective on how price action will play out.
4) I think XRP will come back down to .48 cents for a nice re-entry area.
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.