BTC is trading at the level I was looking to short from. This short would serve as a hedge for my XRP long, but price is not giving signs of weakness.
I'm going to monitor how it develops, if it goes I will climb on board, that would nullify any loss off XRP.
If my stop loss is hit on BTC it would mean my XRP long would be pumping. Either was I want to be part of the next move and this is the safest course I see.
I don't like worrying about trades so a set up like this gives me peace of mind.
If an entry presents itself, I'm taking it.
As always I will be running a very tight stop.
I'm going to monitor how it develops, if it goes I will climb on board, that would nullify any loss off XRP.
If my stop loss is hit on BTC it would mean my XRP long would be pumping. Either was I want to be part of the next move and this is the safest course I see.
I don't like worrying about trades so a set up like this gives me peace of mind.
If an entry presents itself, I'm taking it.
As always I will be running a very tight stop.
