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XRP USD SHORT TERM ANALYSIS

BITSTAMP:XRPUSD   リップル/米ドル
Hello people.I will be short here so i'll leave you to be judge on this.After this small breach we have price slowly approaching fib retr at 0.28.Since this is mostly for day traders please be advised.In my opinion, this move is made to cut out those with stop loss bellow the given trend line.This lower trade could last maximum a few days if not even less.In case this scenario does play on reverse side i tried to show you how would it go regarding your TP and SL.Do not let small slide discourage you, markets usually know to fall and get ppl out before big jump.In case i am wrong and price does decline, if you hold short term trade my personal choice would be exit around 0.27500 area more or less.

Pls share your thoughts as always. Cheers
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