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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The current ETH reminds me of a strategy I used to play when trading gold, which targets data large orders trending in one direction. Typically, this is done on Fridays because, generally speaking, the fluctuations in gold are the largest on that day. (However, there is also a small probability that Mondays have the largest fluctuations.) Looking at the trends on each Friday, they are usually large bullish candles or large bearish candles, which is exactly why this strategy is very suitable. The specific operation involves preparing a small position of 100 to 1000 dollars and observing the daily chart during the day. If it's a bullish candle, just go long. Conversely, if it's a bearish candle, go short, and then gradually increase the position. If the trend is right, with the appropriate lot size, you can multiply your investment by 10 to 50 times in a single day. If the trend is wrong, it will drop to zero. Due to the considerable multiples of returns and the relatively low cost of trial and error, it has a certain level of playability.
You can also extend the timeline to a week; after a phase of gold plummeting (3 to 10 days), there can be a rebound within the week, leading to even more terrifying profits. This strategy is based on the characteristics of gold; after significant declines, a rebound is certain because there is a natural advantage to going long on gold.