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UnknownUnicorn6061584
Mar 28, 2020 10:17 PM

XRP|USD - Rising Wedge 

XRP / U.S. dollarBitstamp

Description

Greetings. Please leave a Like if you like the idea

Still not recommend you to take any actions on XRP. Keep in mind the rising wedge

Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.

Peace Out!

Not a Financial Advice
Comments
ezpi
i think its pretty safe to say that .18 threshhold has been tested 5 times and failed.
with all other coins including btc in downward movement, XRP will be able to break the .15 zone or at least go deep into it (.14 area)

XRP is very artificially propped up right now due to the super strong support zone but I dont see that holding.
at minimum however, shorting at .179+ is a very low risk trade to .15 area

I have 2 TPs - one exiting above .15 area and one below. easy 5-9%

why do you say "not recommended to take any action"?? i think its pretty clear where we are going, and the SL can be quite tight just over .18 with little risk
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