Quick countertrend long trade in Ripple

23 may 2018XRP along with the entire crypto-complex, remains in a downtrend. But we see an opportunity for a short-term counter-trend long here with a decent risk reward. Would look to get long at current levels (0.638), looking for a bounce to the PoC at 0.675 (with optionality of a move higher), while using 0.615 as stop, giving us a risk:reward of around 2x.

23 may 2018

Operación cerrada: precio stop alcanzado

Closing the trade as stop hit, -3.6% on the trade.