Trade Alert - Take Profit
Traders,
I’ve chosen to take profit here on XRP for several reasons:
1) We dropped below two levels of support which are now acting as resistance.
2) I was a bit overweight in alts for my current risk tolerance level.
3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any move to the downside that BTC makes. Thus, I am simply taking my least liked trades off the table for profit and minimizing my risks until I have a clearer perspective on how price action will play out.
4) I think XRP will come back down to .48 cents for a nice re-entry area.
Stew
I’ve chosen to take profit here on XRP for several reasons:
1) We dropped below two levels of support which are now acting as resistance.
2) I was a bit overweight in alts for my current risk tolerance level.
3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any move to the downside that BTC makes. Thus, I am simply taking my least liked trades off the table for profit and minimizing my risks until I have a clearer perspective on how price action will play out.
4) I think XRP will come back down to .48 cents for a nice re-entry area.
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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