XRP breakout
Updated
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Ripple broke the (red) major downtrendline (click the idea below to see it the whole downtrendline)
...and then consolidated in form of triangle. Recently it broke up out of this triangle📐 and I think there is chance for run to 0.6330 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Ripple broke the (red) major downtrendline (click the idea below to see it the whole downtrendline)
...and then consolidated in form of triangle. Recently it broke up out of this triangle📐 and I think there is chance for run to 0.6330 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
- ENTRY: local high @ 0.5063
- STOPLOSS (SL): local low @ 0.4800
- TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.6330
- REWARD RISK RATIO (RRR): 4.8
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active
Order filled ✔️Trade closed: stop reached
Stoploss hit.🛑 Monitoring further - we may get bigger triangle later.
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