TorayKortan

XRP Anticipated Trendline Retest Complete - Long Position Active

Long
BITFINEX:XRPUSD   XRP / U.S. Dollar
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Trendline was met within 6 hours of posting the setup this morning.

Price successfully hit the trendline with absolute precision and reversed. As stated in the prior idea, my long position was entered with a 30pip stop targeting the $0.3400 region.

Hopefully, if you were patient you managed to catch the move as well!

Price is currently up around 60 pips and holding off the $0.3300 resistance well for now, allowing me to put my stop at breakeven for a risk free trade. As per with XRP, a correction is very likely hence the stop loss movement.

Should we retest the trendline I will double up on my position.

All we need now is a clean break of $0.3300 and target should be met with relative ease.

Great day on the crypto side of trading!
Trade closed: target reached: Closed 80% of the trade with a very tight stop loss.

Great result! Letting trade run risk free now :)
Trade closed: target reached