XRP Scalp Opportunity with a 6.6RR and a 50-60% profit potential

Good morning traders!

I've found a nice quick scalp opportunity on XRPH19 after we had a nice retest of previous resistance before the breakout.

XRPH19 on Bitmex has low liquidity, so it's a higher risk trade but I like the support it's held so far and I've bought these S/R flips before for nice profits on the bounce.

I'm looking at a 10X leverage trade with a trailed take profit when and if we get the bounce.

Targets are ideally the .618 and the .786 on the bounce.

Good luck and happy trading!

If the chart is old, don't trade off of it.
This is only for research purposes only.
Manage your risk with stop losses and correct position sizes.
Trade active: The 23.6% fib level was reached for 16% profit on 10X and 32% profit on 20X.

Trade is still open with a trailed stop loss to 8050 to lock in at least a 5% profit.

Continue trailing your stop as the trade moves. :)
Comment: Stopped out for profit after taking some off at the top as well.

Re-entered again with a new stop for this ascending triangle pending a bullish breakout.

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Hi Jacob can you please make an updated chart for xrpusd. Keep up the excellent work...
wtf :D. wait for it to trail below the stop. lol lol lol. thats not a trading idea, thats more of a pump and dump idea.
jacobcanfield Kehrmaschine
@Kehrmaschine, Trail your stop loss as the trade moves in our favor. Meaning, lock in profits.
Between yourself and Alan, I think you’re posts might have spurred this possibly last ditch type rally!!
I would be cautious with XRP currently. It is dragged higher through correlation by the rest of the market. LTC & others are lead bulls, not Ripple. I made an extra 'Macro Analysis' video on XRP/USD, where can see clearly that we are descending & pretty weak. I also talked about it again today. Have a look:
+1 Reply
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