XRP/BTC
Keep it simple!
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
So far XRP has tested our first entry zone and held at the green box. XRP has also made a higher low, suggesting that this support will hold for now. However, I wouldn't be surprised to see a wick through the green box forming a lower low before making new highs. If XRP doesn't hold the 2500's Sat range then I see XRP to come down to the lower green box. This is a trend many ALTS are currently doing, as these lows are an untested support range. Laddering longs at the low green box with a stop below the lowest wick would not be a bad move.
For those who entered in the first green box, you should have taken profit, and those waiting for a long entry, I would ladder longs at the bottom of the first green box with a tight stop. Be prepared for further dump if the range doesn't hold.
It is key to note that the boxes are a range - therefore I ladder into my trades, which gives me a better entry and exit price
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
So far XRP has tested our first entry zone and held at the green box. XRP has also made a higher low, suggesting that this support will hold for now. However, I wouldn't be surprised to see a wick through the green box forming a lower low before making new highs. If XRP doesn't hold the 2500's Sat range then I see XRP to come down to the lower green box. This is a trend many ALTS are currently doing, as these lows are an untested support range. Laddering longs at the low green box with a stop below the lowest wick would not be a bad move.
For those who entered in the first green box, you should have taken profit, and those waiting for a long entry, I would ladder longs at the bottom of the first green box with a tight stop. Be prepared for further dump if the range doesn't hold.
It is key to note that the boxes are a range - therefore I ladder into my trades, which gives me a better entry and exit price
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