XRP hedge with small long is wise.
Updated
Hi Traders,
We are up alot on yesterdays 0.53c XRP short, taking slight profits/moving SL to entry.
Also pointing out we have not really seen the usual massive wick that one should expect from prior price movment with XRP/crypto in general for reversing moment, so the possibility for a sudden and violent pump upwards to 0.58-0.61 is still a slightly chance IMO - expect the unexpected as it goes.
SO i am hedging with a 25% size long vs the short - entering @0.502. incase that is to take place.
Goodluck,
Asset mastery
We are up alot on yesterdays 0.53c XRP short, taking slight profits/moving SL to entry.
Also pointing out we have not really seen the usual massive wick that one should expect from prior price movment with XRP/crypto in general for reversing moment, so the possibility for a sudden and violent pump upwards to 0.58-0.61 is still a slightly chance IMO - expect the unexpected as it goes.
SO i am hedging with a 25% size long vs the short - entering @0.502. incase that is to take place.
Goodluck,
Asset mastery
Comment
IF the hourlys/significant tf's CLOSE BELOW 0.49c i would lean towards no upward move taking place and its just going to be a solid drop.Comment
ADDING TO LONG @0.491Comment
TAKING 40% PROFIT ON SHORTS, LEAVING 40% OVERALL TO REMAIN IN TRADE (SL JUST BELOW 0.53.)
Related publications
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.