XRP: Summary of discussions in the wwg community (00:00:10 ~ 01:00:10)

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1. Current Recommended Direction XRP is explicitly recommended for a long with an entry point of 1.3473. This entry is based on the imbalance point and the OTE breakout and pullback, and has been sought since the sharp drop on October 10th. If the entry order is filled, a rebound and a breakout of the previous high are expected, indicating a clear upward trend. 2. Position and Risk Management Recommendations: It is suggested to initiate positions tentatively using limit orders. Heavy positions or gradual additions are not mentioned. A stop-loss order is clearly set at 1.3, closely following the entry point, reflecting cautious risk management. No specific profit-taking point or time frame is provided; the emphasis is on anticipating a rebound once the trade is executed. 3. This trading style-adaptive strategy is suitable for conservative medium-term trend investing. It leverages structural imbalances and breakout catalysts for positioning, emphasizing the idea of ​​"laying in wait when there's an idea, and using rebounds as an escape window." Quick entry and exit, strict stop-loss orders, and avoiding prolonged positions are recommended. It is best suited for focusing on long opportunities after confirmation of key breakouts.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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