Short
XRP Short
Aggiornato
Looking at XRP on Binance on the Daily's, market structure shows a bearish trend.
On Bitmex on the 4H, we've recently formed a supply zone with a big bearish engulfing out of it.
The wick to the upside is of concern, but my RRR still fits and it ticks all my boxes so I'm happy risking capital to see which way she's gonna go.
Bottom of the supply zone lines up with the 50, top with the 61.8.
We're currently approaching my next demand zone and exhibiting Bullish Divergence, so I'm staking on a bounce from there to my supply before continuing south.
On Bitmex on the 4H, we've recently formed a supply zone with a big bearish engulfing out of it.
The wick to the upside is of concern, but my RRR still fits and it ticks all my boxes so I'm happy risking capital to see which way she's gonna go.
Bottom of the supply zone lines up with the 50, top with the 61.8.
We're currently approaching my next demand zone and exhibiting Bullish Divergence, so I'm staking on a bounce from there to my supply before continuing south.
Trade chiuso: stop raggiunto
Got BTFO here. Possible adjustments are FIbs from Pivot hight to low, orders were placed before retracement had started so Fibs were off.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.