Long

XRPBTC- Long

Updated

After some consolidating price action for two days. Price has finally broken out of the consolidation zone and price went to the 9K resistance and was rejected
Since then it has retraced to the 0.618 fib level and has been holding.

We can expect a retest of the 9K resistance
Breaking the resistance is not out of the question

Go long @ 8.5K

TP: 9.4K
SL: 8.2K

Note

Since there's a bearish pattern setting up i will takae profit at 9K level
And will bee seeking a sell opportunity when point D is reached.

Note

Bearish Pattern that is. I Didn't specify.

Trade closed manually

Took profit after indentyfing bearish bat pattern

Trade closed manually

perfcrypto

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