XRP/BTC 8H (Binance) On old support, again
Well, Ripple didn't let us scalp right yesterday, we'll see if it does make us happy on higher Time Frame:
Buy Entry= 0.00002533 - 0.00002483
Take Profit= 0.00002647 | 0.00002782 | 0.00002892
Stop Loss= 0.00002369
Risk/Reward= 1:1 | 1:1.97 | 1:3.48
Expected Profit= 5.54% | 10.93% | 19.30%
Possible Loss= -5.54%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Buy Entry= 0.00002533 - 0.00002483
Take Profit= 0.00002647 | 0.00002782 | 0.00002892
Stop Loss= 0.00002369
Risk/Reward= 1:1 | 1:1.97 | 1:3.48
Expected Profit= 5.54% | 10.93% | 19.30%
Possible Loss= -5.54%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
2/3 entries filled, the third one almost reached for 6 sats, hold for targets now.Note
Last entry filled, prepare for bounce.Note
Stop almost get hit but we were saved by 6 sats, I updated it a bit lower to give more space to price action. We are still in descending channel, new SL= 0.00002323, that reduces the R/R= 1:0.75 for first target.Note
Plus on higher time frame a double bottom is forming, this could pump hard!Trade closed: target reached
TP1 reached, that was worth the wait. I was also operating it on Margin account with 5x leverage so that's +27.70% from average entry! I took some profit and hold for other targets.Trade closed: target reached
TP2 hit with +10.93% (54.65% profit with 5x)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.