Small 1 to 2 Risk vs. Reward XRP SHORT TRADE $500 at 25X

2024年8月20日

This is a risky time to enter this trade, but I'm going to take a small short position against XRP in an attempt to capture a potential correction to the bottom of the forming wedge pattern as the bull flag is forming. I'm not going to risk much; it’s more of a hunch. Overall, I'm very bullish on XRP right now, but as a trader, I can't help but try to capture this potential red candle.

Don’t follow my trades; come up with your own ideas. Don’t be a follower—be a trailblazer!

Good luck!

2024年8月20日

交易進行

Short trade initiated by way of sell to open market order on the Aug 19, 22 hour candle.

2024年8月20日

註釋

This might be the quickest stop out in history!

2024年8月20日

註釋

I adjusted the Limit Buy to Cover from a 2 to 1 ratio, to a 1 to 1 ratio, as the dynamics of the trade since the flag pattern is giving me more information, and the trade is becoming increasingly less likely to succeed at 2 to 1.

2024年8月20日

交易結束：目標達成

Target reached. Another successful trade. Limit Buy to Cover reached at the Aug 20th 7 a.m. candle. Made a small gross profit of $127 and some change. Although adjusting the trade from 1 to 1 cost me some profit, I still think that playing safe was the right move at the time.

On to the next one!