XRP this wave of market, short-term has some interest. On the one-hour level, after the rise, there was a pullback. Currently, this position is a good opportunity for a low buy-in. My idea is to enter a small long position around 2.055, a more conservative approach.



Set the stop-loss at 2.04; if it breaks below this point, exit immediately. There's no need to hold on stubbornly. For risk-reward, aim for a 2:1 ratio, and around 2.08, you can start taking partial profits and cash out. No need to be greedy and wait for the top.

Looking at the weekend again, trading liquidity will indeed be weaker, and the market volatility usually won't be too large, so it's important to manage expectations. This strategy is for reference only. Welcome everyone to discuss and share ideas to see if anyone has other thoughts.
XRP0,57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
unrekt.ethvip
· 01-20 04:14
Liquidity is weak over the weekend, and this level is indeed a bit tricky, but if 2.04 breaks, you must withdraw decisively and not fight the money. This wave of XRP's correction actually has a chance, but I dare not place too heavy bets over the weekend. Being conservative is not wrong; greed ultimately leads to cutting losses. Knowing when to take profits is the key. A 2:1 risk-reward ratio sounds comfortable, but can it be achieved over the weekend? That's the real question. Honestly, it's better to wait until next week. Weekend trading liquidity is worrying, and the risk-reward ratio doesn't quite match. Small positions to go long can be tried, but I'm just worried the market is too dull, hanging there and feeling uncomfortable. I agree with the stop-loss set at 2.04; what I fear most is being shaken out and then rebounding. That situation is the most annoying.
View OriginalReply0
UncleLiquidationvip
· 01-19 20:15
2.055, are you going in at this point? The weekend liquidity is so poor, and you're still willing to move?
View OriginalReply0
BoredStakervip
· 01-17 07:03
I really don't feel like moving over the weekend. With this kind of market condition, I should just hold steady. If I enter at 2.055, I also need to see if I can catch this wave.
View OriginalReply0
GlueGuyvip
· 01-17 07:03
The weekend market is so competitive, I thought everyone was asleep.
View OriginalReply0
DegenWhisperervip
· 01-17 07:01
2.055 to buy in? I really don't trust this liquidity over the weekend.
View OriginalReply0
nft_widowvip
· 01-17 06:42
Liquidity is weak over the weekend. XRP at this level can indeed be played, but I think the stop loss at 2.04 is a bit tight. However, small positions are still okay to enter; mainly, it depends on whether it can really break 2.08 later on.
View OriginalReply0
  • Pin