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Setting up long position for highly volatile XRP
XRP is more volatile crypto than many 1000 times smaller coins. because of that XRP is good coin to use with trading bots (Like Bybit have). I have had XRP Bot running quite a long time and ARP% is HUGE!
Long history with support/resistance levels A & B gives me trust to believe XRP will stay in that area for a while. Atm it is middle of that area so it is too risky to predict direction on long term (4h to D candles). So because of that I will setup long order to the bottom of that area. If you don't use leverage I'd go long here and long again on B level
It is also possible to put short position to A level but I'm too much cryptofanboy that I don't like to bet against these big projects. Let that pull market happen.
Long history with support/resistance levels A & B gives me trust to believe XRP will stay in that area for a while. Atm it is middle of that area so it is too risky to predict direction on long term (4h to D candles). So because of that I will setup long order to the bottom of that area. If you don't use leverage I'd go long here and long again on B level
It is also possible to put short position to A level but I'm too much cryptofanboy that I don't like to bet against these big projects. Let that pull market happen.
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