XRPUSD 26.08.2020


As expected XRP showed a small bounce from the support, now it is showing weakness in the bullish movement.

I will:
Scalp ( XRP, short)
Enter =0.2771-0.278
Exit1: 0.275
Exit2: 0.2741
Exit3: 0.273
General rules in my trades (scalping/ intraday trading):
-Exit1 and Exit2 is the exits I use generally, Exit3 is just for risk lovers.
-If not otherwise specified, I would recommend a stoploss at the price of around 2% change at the unwanted direction. Although, I must say that the stoplosses are very individual and you need to decide it for yourself depending on how much you cope with “pain and pleasure” in trading.
– I would not recommend a high leverage trading.
– SCALPING IS A HIGHLY VOLATILE/DYNAMIC GAME, because of that please follow my updates, that I try to publish when necessary.