Just having some fun with the hourly chart here.
Looking at longer timeframes can let you know when you should increase or decrease your overall position.
Right now I am watching 3 & 5 minute charts, accumulating on the dips and HODLING.
Looking at longer timeframes can let you know when you should increase or decrease your overall position.
Right now I am watching 3 & 5 minute charts, accumulating on the dips and HODLING.
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This last dip put me under my margin so can't add to my position, but it's a very good time to buy right now.
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So I got a margin call notification during the flash crash today and have reduced my position a bit to avoid another scare like that. XRP is really having a hard time building positive momentum so it might be better to just wait until a strong trend develops to buy back in.
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Sold some of my position once price stabilized from the panic selling in case we have another drop. Looks like XRP is getting back on steady ground and remaining at the top of the Fib retracement. Am I using this indicator correctly? LOL
Adding back to my position in small amounts as the trend gains more support. Going to leave a good 10% buffer so I don't risk liquidation as much.
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Ripple is hovering between 97500 and 10000 today. Picked up a bit more around 98000. My margin is at a comfortable 50% right now - waiting for a breakout above 10k to expand my position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.