XRPUSD
ENTRY 1: 0.33912
ENTRY 2: 0.33947
SL: 0.334
TP1: 0.37766
TP2: 0.40399
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Trade active:
Was stopped out on a wick. Re-entered.
Analysis still sticks.
Run with it.
Analysis still sticks.
Run with it.
Trade active:
-XRP may be forming a local bottom here and is hugging recent support levels @ ~$0.336
-Bounce off 88 fib retracement level
-RSI oversold.
"Fibonacci levels give traders an opportunity to join a trend at a discount and ride the continuation of the trend. Have you ever heard of the expression "sell the rallies, buy the dips"? Fibonacci traders combine both the 88.6% and 78.6% Fibonacci retracements to highlight a hot spot trading zone where high probability trades are more likely to take place. Indeed, the zone between the 78.6% and 88.6% Fibonacci retracements is a hot-spot trading zone."
-XRP may be forming a local bottom here and is hugging recent support levels @ ~$0.336
-Bounce off 88 fib retracement level
-RSI oversold.
"Fibonacci levels give traders an opportunity to join a trend at a discount and ride the continuation of the trend. Have you ever heard of the expression "sell the rallies, buy the dips"? Fibonacci traders combine both the 88.6% and 78.6% Fibonacci retracements to highlight a hot spot trading zone where high probability trades are more likely to take place. Indeed, the zone between the 78.6% and 88.6% Fibonacci retracements is a hot-spot trading zone."
Trade closed: stop reached:
Whole market dumped. XRP went with it. Stopped out.