XRPBTC (12H): Should you join the hyped crowd and go long?
Hello everyone,
XRP can either spike another 10-15% up and then fall or show an insignificant "breakout" to let people in before the dive (please consider the third option of simply falling from the current level). Here is another chart analysis on Ripple that I think is highly probable to occur. Recently, a lot of talks has been happening about the alt season. The market knows very well how to rekt people and when everyone starts to talk about "something is about to happen", be sure it is too late :D :D.
As with my Tron and Cardano analysis, I would like to put Ripple in the same bag and say that the current uptrend in nothing else than another pullback before one more dip. If it happens and the price drops below the recent lows, then we could have a really nice opportunity for going long on XRP with at least 10:1 risk-reward ratio (depending on the reasonable stop-loss).
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GENERAL RULES TO KEEP YOU SAFE:
1. Do not risk more than 2-3% per trade!
2. Always use stop-loss!
3. Do not FOMO!
4. Do not add to a losing trade
THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
XRP can either spike another 10-15% up and then fall or show an insignificant "breakout" to let people in before the dive (please consider the third option of simply falling from the current level). Here is another chart analysis on Ripple that I think is highly probable to occur. Recently, a lot of talks has been happening about the alt season. The market knows very well how to rekt people and when everyone starts to talk about "something is about to happen", be sure it is too late :D :D.
As with my Tron and Cardano analysis, I would like to put Ripple in the same bag and say that the current uptrend in nothing else than another pullback before one more dip. If it happens and the price drops below the recent lows, then we could have a really nice opportunity for going long on XRP with at least 10:1 risk-reward ratio (depending on the reasonable stop-loss).
========================================
GENERAL RULES TO KEEP YOU SAFE:
1. Do not risk more than 2-3% per trade!
2. Always use stop-loss!
3. Do not FOMO!
4. Do not add to a losing trade
THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
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