XRP is retesting resistance, and there is a small chance it breaks through.
Therefore, we may short:
Short
9000-9400 satoshi (highest price you can get)
Stop loss:
9425 satoshi
Take profit
7300 satoshi (will likely not be hit, but we trail our profits so we can lock in gains and move on)
I will be shorting when the price is 2% away from my stop loss to limit my risk. We are risking very little for very much, that is why this trade is being taken. I can lose many times and one win will make up for everything.
If it breaks 9400, you may long after it finds support.
Thanks for viewing. I have made 5% on XRP my last trade, and over 10% on TRX, while 24% has been gained from Ethereum and currently locked in 0.4% on a BTC short in the past week. If you want to know the reasoning for some of these trades, please follow me. I spend a good amount of time planning these trades and there is no reason for me to share other than the fact I wish to view my improvements over time as well as document my progress.
I am currently short 9000. My stop is 9425. I will be adding more 9200.