I’ve taken some profits on my XRP long trade (see below tweet)
Why? We’re getting a lot of resistance at 0.53 and there’s a big liquidity pool from 0.49-0.5
The price could retrace back to 0.49 before going to 0.55
I still have half of my trade active but I’ve set the stop loss at my entry price to protect my funds
Locking in profits and protecting your capital is crucial in trading
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XRP long trade update
I’ve taken some profits on my XRP long trade (see below tweet)
Why? We’re getting a lot of resistance at 0.53 and there’s a big liquidity pool from 0.49-0.5
The price could retrace back to 0.49 before going to 0.55
I still have half of my trade active but I’ve set the stop loss at my entry price to protect my funds
Locking in profits and protecting your capital is crucial in trading