I've felt that it would return to at least drive that last red spike home ...to the left of your (1)
That's where I would close 50% of my short.
cryptyx
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@cryptyx, I should also share the observation I woke up to on Poloniex this morning...
"XRP is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the XRP team. Any updates must be tested and audited before enabling."
That's where I would close 50% of my short.