XRP idea Short

XRP / U.S. dollarBitstamp

Description

⋅ Jul 21, 2021 3:11 PM

Could be a fast SL hit here, but I'll take the trade.
TP1 and TP2 based off the previous zones
TP3 would most likely only get hit if crypto as a whole is headed deeper in the red.
SL set just above previous high spike.

Comment

⋅ Jul 21, 2021 3:22 PM

SL probably going to get hit, might change bias if that's the case. Breakout looking immanent.
Would long this if it gives a clear breakout and retests the TL

Trend Analysis Chart Patterns

Comments

Larrytheshark

⋅ Jul 22, 2021 2:03 PM

Yes I think it will trap some more buyers here

AFdave

⋅ Jul 22, 2021 6:23 AM

you called it likely to be stopped out but still placed the trade? the question is whether it heads to a dollar or finishes the corrective wave to 40.