XRPUSD
Entry Points, Stop Losses, and Targets
1. Entry Point:
• Buy at Market: Around $2.30 - $2.35.
• Alternatively, place a pending buy order at $2.25 if the price revisits the support zone.
2. Stop Loss:
• Place below the support zone at $2.05 to minimize risk in case of a false breakout.
3. Take Profit Targets:
• Target 1: $3.00 (First major resistance level).
• Target 2: $3.50 (Local high).
• Target 3: $5.00 (Psychological level and strong bullish continuation target).
4. Extended Target:
• Beyond $5.00, use a trailing stop-loss strategy to ride the trend toward $10 or higher.
Entry Points, Stop Losses, and Targets
1. Entry Point:
• Buy at Market: Around $2.30 - $2.35.
• Alternatively, place a pending buy order at $2.25 if the price revisits the support zone.
2. Stop Loss:
• Place below the support zone at $2.05 to minimize risk in case of a false breakout.
3. Take Profit Targets:
• Target 1: $3.00 (First major resistance level).
• Target 2: $3.50 (Local high).
• Target 3: $5.00 (Psychological level and strong bullish continuation target).
4. Extended Target:
• Beyond $5.00, use a trailing stop-loss strategy to ride the trend toward $10 or higher.
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.
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.