Ripple has broken down the local support 0.457 USD.
Let's wait confirmation on the 1-hour timeframe to open SHORT position.
Entry 0.45-0.457 USD
Take profit 0.436-0.387 USD
Stop loss 0.491 USD
Let's wait confirmation on the 1-hour timeframe to open SHORT position.
Entry 0.45-0.457 USD
Take profit 0.436-0.387 USD
Stop loss 0.491 USD
Trade closed: stop reached:
At the moment Ripple didn't want to go further down.
It stopped and reversed at 0.42 USD level which I suppose the pivot point and the new local support.
This night XRP made another sharp jump from 0.43 to 0.51 (+18% in 3 hours) and fixed at 0.48-0.49 USD level now.
Two take profit targets (1&2) were reached.
Two pending targets (3&4) weren't achieved.
Position has been closed with the stop loss at 0.462 USD level.
Totally, we get small profit from this trade.
It stopped and reversed at 0.42 USD level which I suppose the pivot point and the new local support.
This night XRP made another sharp jump from 0.43 to 0.51 (+18% in 3 hours) and fixed at 0.48-0.49 USD level now.
Two take profit targets (1&2) were reached.
Two pending targets (3&4) weren't achieved.
Position has been closed with the stop loss at 0.462 USD level.
Totally, we get small profit from this trade.
Good luck in trading!
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You can find more useful content and trading cases in
Riskoholics Telegram Channel
t.me/riskoholics
Two take profit targets were reached:
target 1 - 0.436 USD
target 2 - 0.42 USD
Two more targets are pending:
target 3 - 0.40 USD
target 4 - 0.39 USD (corrected)