XRP - Good opportunity for local short

1 авг. 2022 г.

Reasons to take short:
⭐️ BTC doesn't look strong today
⭐️ Slowly squeezing to the trendline
⭐️ Volume at top
⭐️ Volume is decreasing
⭐️ 40 ATR
⭐️ Under VWAP


Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%


Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones