Looking for XRP to do a short term retracement with both a bull and bear trap before heading backup again. This path should cause maximum pain to traders.
Trade active
Bull trap confirmed. Waiting for movement to .395 target. If we move to .449 this idea will be cancelled.Order cancelled
Breakout to the topNote
Still a possibility that was stop huntNote
$.435 will re-open this trade ideaTrade active
Note
With the extra breakout to the upside expecting a lower than planned downside target of .38Note
New target .36Note
Possibility of heading to .34 or even .30 because we wen't higher than we should have without a healthy retracement first. If you buy in at .36 or .38 be prepared for the possibility of it heading lower. .3 - .38 will be very difficult to predict the bottom for. scale in and hold on for whatever happens.Note
On trackNote
If we break down here will increase my target back to .34 if we make a run straight to .36 then that would be my target.Note
Updating target to .365Note
Don't think we'll go much lower from here. it's possible we touch down to long term trend but we might just hit it by going sideways on the .44. I am long at this point.Note
looks like I was exactly wrong on every reversal :-DOrder cancelled
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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.