In this tutorial video Alistair Schultz, Chief Market Analyst, explains his top four strategies to exit a position and the reasoning behind each of his ideas.
Author
Alistair Schultz
Independent Analyst
Ripple (XRP) shows subtle signs of recovery above $1.05 on Tuesday, with the move to around $1.07 ending three straight days of losses amid a pressured broader cryptocurrency market.
Bitcoin hovers around $62,500 amid prevalent sideways trading. Meanwhile, major altcoins such as Ethereum and Ripple are holding above crucial support levels at $1,700 and $1.05, respectively, reflecting ongoing consolidation across the crypto sector.
Curve DAO price is up 4% on Tuesday, extending its 3% gains from the previous day to emerge as the best-performing altcoin over the last 24 hours. On-chain data shows waning selling pressure as supply available on exchanges declines, while top holders increase their exposure amid rising supply in profit.
Bitcoin remains under pressure, trading at $62,600 on Tuesday after slipping over 2% in the previous day. The bearish bias is further fueled by renewed geopolitical tensions between the US and Iran, which have dampened risk appetite.
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