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stewdamus
Oct 2, 2023 11:20 PM

Buying Ripple Here Long

XRP / TetherKuCoin

Description

Traders,

I was stopped out of three trades today but all of them had nice little profits. I'll take that going long in a bear market. Let's continue our win streak.

I've added XRP as a long play to at least that 100-day ma. The red level just above that at 58.5 cents is likely where I'd take 100% off of the table. SL is 49.2 cents for an r/r of up to 4.6.

Technicals here show a break of the neckline on a small inverse H&S pattern with a target at the 100-day. The retest of the neckline is now complete. So, we are good to go here IMO.

Not fin advice. DYOR.

Best,
Stew
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