Ripple had some really nice gains over the last few days. It has been months since I have seen candles this big, which brings me hope that this bear market is on its way into hibernation and bulls are going to play; however, still be careful! Now is generally not the time to buy a coin that has had a massive pump. You will want to wait for the indicators to reset and price action to find support and consolidate.
How I plan to trade XRP:
Buy: .37-.44
Sell: .79-.92
Stop: .25
RR: 4.5
**Note** these are areas that I may become interested. I will wait to see what the price action is like at these levels and possibly open a position on confirmation or if there is bullish divergence. Stay safe traders!
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest, and adopt a crypto currency lifestyle. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader
How I plan to trade XRP:
Buy: .37-.44
Sell: .79-.92
Stop: .25
RR: 4.5
**Note** these are areas that I may become interested. I will wait to see what the price action is like at these levels and possibly open a position on confirmation or if there is bullish divergence. Stay safe traders!
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest, and adopt a crypto currency lifestyle. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader