alexpolynov
Long

Ripple might have a chance?

POLONIEX:XRPBTC   XRP / Bitcoin
This triangle is close to a breakout, watch closely.
Many people are bearish now, so a long might give a nice 30% profit, with stop-loss under triangle basement it's a very safe trade.
Trade closed: stop reached

Comments

The thing that no one teaches you about trading breakout patterns is that market makers will identify your stop loss clusters, force price there to cause selling and then buy cheaper after everyone sells. Decent trade idea though =]
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With no support it just hanging in the air.
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Thank you.
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