XRP this wave of market, short-term has some interest. On the one-hour level, after the rise, there was a pullback. Currently, this position is a good opportunity for a low buy-in. My idea is to enter a small long position around 2.055, a more conservative approach.



Set the stop-loss at 2.04; if it breaks below this point, exit immediately. There's no need to hold on stubbornly. For risk-reward, aim for a 2:1 ratio, and around 2.08, you can start taking partial profits and cash out. No need to be greedy and wait for the top.

Looking at the weekend again, trading liquidity will indeed be weaker, and the market volatility usually won't be too large, so it's important to manage expectations. This strategy is for reference only. Welcome everyone to discuss and share ideas to see if anyone has other thoughts.
XRP-1,29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
BoredStakervip
· 01-17 07:03
I really don't feel like moving over the weekend. With this kind of market condition, I should just hold steady. If I enter at 2.055, I also need to see if I can catch this wave.
View OriginalReply0
GlueGuyvip
· 01-17 07:03
The weekend market is so competitive, I thought everyone was asleep.
View OriginalReply0
DegenWhisperervip
· 01-17 07:01
2.055 to buy in? I really don't trust this liquidity over the weekend.
View OriginalReply0
nft_widowvip
· 01-17 06:42
Liquidity is weak over the weekend. XRP at this level can indeed be played, but I think the stop loss at 2.04 is a bit tight. However, small positions are still okay to enter; mainly, it depends on whether it can really break 2.08 later on.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)