XRP
Long

Quick countertrend long trade in Ripple

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XRP along with the entire crypto-complex, remains in a downtrend. But we see an opportunity for a short-term counter-trend long here with a decent risk reward. Would look to get long at current levels (0.638), looking for a bounce to the PoC at 0.675 (with optionality of a move higher), while using 0.615 as stop, giving us a risk:reward of around 2x.
Trade geschlossen: Stop wurde erreicht
Closing the trade as stop hit, -3.6% on the trade.
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