This is a breakdown of how I caught the short on XRP.
1. Market structure was bullish, we saw a sweep above $0.60 ($0.63 high) BIG GREY BOX.
2. We saw a break in market structure.
3. Marked out the high that led to the break, This will be my short trigger zone.
Price came back to my trigger zone my stop loss was above that previous high.
This is how I entered the current trade I’m in at the moment. It gets easier when you know what you’re looking for. In my opinion price action is the easiest way to trade because you just follow the market and the stop losses are small.
1. Market structure was bullish, we saw a sweep above $0.60 ($0.63 high) BIG GREY BOX.
2. We saw a break in market structure.
3. Marked out the high that led to the break, This will be my short trigger zone.
Price came back to my trigger zone my stop loss was above that previous high.
This is how I entered the current trade I’m in at the moment. It gets easier when you know what you’re looking for. In my opinion price action is the easiest way to trade because you just follow the market and the stop losses are small.
