Transparency in Trading: Why I’m Adjusting My
$XRP Position 📉🛡️
In trading, your biggest enemy isn’t the market—it’s your own ego. Today, I’m making a tactical decision to lower my Take Profit level on XRP to 2.0830, accepting a potential micro-loss instead of "hoping" for a miracle.
The Technical Reality:
After a deep dive into the 15m, 1H, and 4H charts, the data is clear:
1. Volume Exhaustion: The trading volume has significantly dropped. There is no "fuel" for a massive breakout right now.
2. MACD Weakness: On the 1H chart, we see "empty" green bars. This indicates that the current slight upward movement is just a lack of sellers, not a surge of buyers.
3. EMA Resistance: Price is currently trapped under the EMA99 ($2.07) and EMA25 ($2.09). These levels have turned from support into a heavy "ceiling."
4. RSI Stagnation: With RSI sitting around 33-37, the asset is drifting. It’s not oversold enough for a "spring" bounce, but not strong enough to trend up.
The Strategy:
My entry was 2.1150. By moving TP to 2.0830, I am choosing to exit near the first major resistance zone.
• Risk Management: I’d rather lose $0.05-0.06 now and keep my capital liquid,
• Adjusted my SL to 1.9850 to avoid market noise and fake breakouts below the key $2.00 psychological level.
• Next Step: Once closed, the margin goes straight into Simple Earn. We wait for high-probability setups rather than fighting a "dead" market.
As a Chief Officer at sea, I know: you don't fight the storm; you adjust your course to save the ship. ⚓️
#CopyTrading #RiskManagement #BinanceSquare #XRP #TradingDiscipline