Let's try to short XRP. If Garley pattern reaches the safe level for SL It will be a good short opportunity...
We broke out the triangle and if we don't get back higher than 7800$ It means for me we will reach 5000$ In this case, now we are in the 3d wave...let's see where it going to take the price because if it shows itself as a strong bear market 5000$ can be not the end of a cycle...
We can take the 5th wave. You can see two take profit zones...Im going to split it as 80\20% the ratio of this trade is 1:2 (average)
TRX will be that "one good trade" I guess :)
Looks like perfect 1, 2 waves... You can see 2 targets I'm going to split it 80\20%
If we bounce from the red line level I prefer to open a long if we start consolidation there I prefer to open a short. In both ways, we have 1:3 ratio.