✅Updated plan SHORT $XRP yesterday:
Yesterday I warned everyone about the "pair of chopsticks" candlestick pattern (one green candle and one red candle with short wicks and nearly equal body length) => risk of price decline on the 1D frame of $XRP .
Old post link:
👉By 7am today, the 1D candle even closed below 0.58u, forming a quite clear "bearish engulfing" pattern.
However, this short entry order according to my old plan was 0.6u, so I did not have time to enter the order. Currently, you absolutely do not chase shorts!
👉If anyone wants to continue shorting XRP, place a short limit order at 0.58u. Stoploss when price exceeds 0.63u (equivalent to 7% stoploss with 1X leverage).
🚨NOTE: Those who are new to the market should NOT trade margin or leveraged futures. Anyone with experience should only use small leverage because the altcoin market is very volatile.
In the long term, I am still bullish on $XRP and expect a target of 1.8 - 2u next year.
