tradeformula

Idea for "Managing Risk & Reward - XRP (VIDEO)"

Long
tradeformula Updated   
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Trade active:
Trade activated at .54105
Comment:
Broke out of intrabar resistance I drew- I expect that we'll touch support before making significant moves upwards however

Comment:
And we're off!

Comment:
5m chart pictured- we've made higher lows on the 1m, and are oversold on the 5m, so this feels like a reasonable place to lock in profits with a breakeven stop if you're risk averse. Not what I would do personally, but this is an opportunity to place a stop.

Trade closed: stop reached

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