Short with DCA at the 0.65 if it gets there
Updated
This is a short that should not be missed. We have bearish divergences on the daily timeframe and the price is at the 0.5 retracement level. It could go up to the 0.65 retracement level, where is the resistance of the ascending broadening wedge so ladder your shorts carefully.
Comment
It's time to put your stop in break even. If you don't feel confortable with leaving so much profit on the table you can take partial profit.Comment
Almost full retracement. This is why you take partial profit!Comment
XRP is defying the other cryptocurrencies. 10090-10280 is a good area to short again if it gets there.Comment
Rejection right at the entrance in the shorting zone. Stop in break even and ride it all the way down or give your stop. (10097 is the current pivot).Comment
It was a wise decision to put the stop in BE.
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.