XRP: Summary of discussions in the wwg community (01:00:10 ~ 02:00:10)

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1. Current Recommended Direction XRP is recommended to be long, with an entry price set at 1.3473. The order is currently a valid limit order, indicating a tentative entry. There is no clear indication of overextending the price or waiting for a pullback, suggesting a preference for buying on dips. 2. Position and Risk Management Recommendations: It is recommended to enter with a small position at the price of 1.3473, with a strict stop loss set at 1.3. Risk management discipline is emphasized. No specific take-profit point is given. This is suitable for a conservative trial. No strategy for adding to the position or specific time frame has been mentioned yet. 3. Suitable for trading style: This strategy is suitable for a stable medium-term investment approach, emphasizing strict stop-loss to prevent drawdowns. There are currently no catalysts to indicate this strategy, so it is recommended to remain patient and wait for price confirmation, avoiding aggressive chasing of high prices or overtrading.

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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