Bullish XRP Has Fantastic Opportunity After Small Retracement

XRP is clearly bullish over the last week. The uptrend is likely to continue as all cryptocoins are rising and rising.

However, the difficult part is always to determine a great entry position as you shouldn't want to buy too high.

The simple "buy low, sell high" concept is deceivingly difficult.

In this trade set-up I show that in an upwards trending parallel channel, a retracement to the support line can be a great place to buy.

This might be the lowest you can enter still in an uptrend, and I expect that the price will increase again to around 0.205.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

Trade closed: target reached:

Wow! What a trade!

Congrats everyone who participated.