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Binance Futures Trade Idea: XRPUSDT
Based on large pennant / upside continuation pattern on 4hr chart.
Possible hidden bullish divergence on RSI.
MACD starting to curve upwards.
Declining volume in pennant indicates explosive move with incoming volume.
Long XRP @ 0.6 (average buy-in), 10x Leverage
SL @ 0.58, below ascending trendline.
TP1 @ 0.7839, local high
TP2 @ 0.9650, measured pennant height
TP3 @ 1.00, psychological value ... or let it ride
Binance Futures Trade Idea: XRPUSDT
Based on large pennant / upside continuation pattern on 4hr chart.
Possible hidden bullish divergence on RSI.
MACD starting to curve upwards.
Declining volume in pennant indicates explosive move with incoming volume.
Long XRP @ 0.6 (average buy-in), 10x Leverage
SL @ 0.58, below ascending trendline.
TP1 @ 0.7839, local high
TP2 @ 0.9650, measured pennant height
TP3 @ 1.00, psychological value ... or let it ride
Trade active
Stacked buy orders from 0.5928 down to 0.5842.Leverage @ 15x
SL is manual until price moves away.
IMPORTANT! BTC needs to cooperate - best situation for Alts right now is for BTC to go sideways for a while.
Order cancelled
Stopped trade because BTC not cooperating. Will reevaluate later
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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.