$XRP/BTC 1h (Binance Spot) Descending channel near breakout
Ripple is looking bullish again and I am expecting a bounce after a last dip to 100EMA.
If you know how to Margin trade, you can lever that set-up with 3 or 5x, but manage your position size accordingly so you won't over-risk!
Current Price= 0.00000976
Buy Entry= 0.00000975 - 0.00000961
Take Profit= 0.00001025 | 0.00001058 | 0.00001114
Stop Loss= 0.00000930
Risk/Reward= 1:1.5 | 1:2.37 | 1:3.84
Expected Profit= +5.89% | +9.30% | +15.08%
Possible Loss= -3.93%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 week
If you know how to Margin trade, you can lever that set-up with 3 or 5x, but manage your position size accordingly so you won't over-risk!
Current Price= 0.00000976
Buy Entry= 0.00000975 - 0.00000961
Take Profit= 0.00001025 | 0.00001058 | 0.00001114
Stop Loss= 0.00000930
Risk/Reward= 1:1.5 | 1:2.37 | 1:3.84
Expected Profit= +5.89% | +9.30% | +15.08%
Possible Loss= -3.93%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1 week
Trade active:
Entries filled but SL would have been hunted with -3.93% and -1R
Ripple lost 100EMA support and went down almost retesting lower-line channel.
Somehow the signal I created with the bot had another SL (0.00000908), so the trade is still open.
It may be luck if resumes bullish, or lead to more loss if keeps dumping, check new RRs on the chart!
Ripple lost 100EMA support and went down almost retesting lower-line channel.
Somehow the signal I created with the bot had another SL (0.00000908), so the trade is still open.
It may be luck if resumes bullish, or lead to more loss if keeps dumping, check new RRs on the chart!
