XRP/USDT 1h (Binance Futures) Bullish pennant near breakout
Ripple is showing more bullishness, I believe it will go for a move up again!
So far, 50MA seems to be holding the up-trend and I don't see any sign of a big drop here, at least for now.
Current Price= 0.6946
Buy Entry= 0.6875 - 0.6525
Take Profit= 0.7312 | 0.8562 | 0.9577
Stop Loss= 0.6088
Risk/Reward= 1:1 | 1:3.04 | 1:4.7
Expected Profit= +9.13% | +27.79% | +42.94%
Possible Loss= -9.13%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 72h
So far, 50MA seems to be holding the up-trend and I don't see any sign of a big drop here, at least for now.
Current Price= 0.6946
Buy Entry= 0.6875 - 0.6525
Take Profit= 0.7312 | 0.8562 | 0.9577
Stop Loss= 0.6088
Risk/Reward= 1:1 | 1:3.04 | 1:4.7
Expected Profit= +9.13% | +27.79% | +42.94%
Possible Loss= -9.13%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 72h
Trade active
First entry filledWe may see something like that for #Ripple if we are lucky enough.
Note
Second entry almost filledRipple going exactly as planned so far, I added to my position manually!
Note
Broke-out and pulled-backFirst target was missed by 0.0019$ for Ripple so I updated it higher now, making RR= 1:1.5 for TP1.
It seems like we are heading upwards hard soon, fasten your seat belt... 💺
Note
Entry zone revisitedIt may have been the last leg down for #Ripple, I bought more on that dip 🤞🏼
Trade closed: stop reached
Stopped out with -9.13% (1x)Speaking of which, turned out to be a fake-out upwards, then Ripple broke down the pennant.
It would have been smart to short on the retest but I was sleeping!
Note
XRP/USDT 1m (Binance Futures) Descending channel breakout [LONG]#Ripple risky scalp on very low time frame.
Current Price= 0.05190
Buy Entry= 0.5092 - 0.5020
Take Profit= 0.5191 | 0.5341 | 0.5538
Stop Loss= 0.4919
Risk/Reward= 1:1 | 1:2.1 | 1:3.55
Expected Profit= +10.76% | +22.64% | +38.20%
Possible Loss= -10.76%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 4x
Estimated Gain-time= 12h
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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.