I’m not a big fan of compounding positions but this might be too good to pass up. If the weekly closes without taping $0.75 I will probably short XRP again early next week.
The whole market looks trash from where I’m sitting, XRP is notorious for making very large wicks. The move down could happen very quickly and price could shoot up again very quickly. I’ll be monitoring this chart closely, I have plan for either scenario I’m not married to either side of this trade.
When a weekly candle forms there’s always a wick above the body, if I’m shorting, I want to short that wick or anywhere above the open, ride the body down to the new low. Simple but effective
The whole market looks trash from where I’m sitting, XRP is notorious for making very large wicks. The move down could happen very quickly and price could shoot up again very quickly. I’ll be monitoring this chart closely, I have plan for either scenario I’m not married to either side of this trade.
When a weekly candle forms there’s always a wick above the body, if I’m shorting, I want to short that wick or anywhere above the open, ride the body down to the new low. Simple but effective
