Trade Alert - Take Profit
#XRP #Ripple #tradealert #altcoins
I’ve chosen to take profit here on XRP for several reasons:
1) We dropped below two levels of support which are now acting as resistance.
2) I was a bit overweight in alts for my current risk tolerance level.
3) I am still under the impression that BTC will pullback once tagging 30k. Although, alts could hold their own, they typically exaggerate any move to the downside that BTC makes. Thus, I am simply taking my least liked trades off the table for profit and minimizing my risks until I have a clearer perspective on how price action will play out.
4) I think XRP will come back down to .48 cents for a nice re-entry area.
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