Technical Confluences for Trade: - Stochastic momentum is neutral - Price action supported by 100MA - Price bounced off 61.8% Fib levels
Fundamental Confluences for Trade: - XRP plans to launch US-denominated stablecoin to bridge the gap between Crypto & Fiat will help generate more uses & liquidity for the XRP Ledger blockchain
Suggested Trade: Entry @ Area of Interest 0.6030 - 0.6100 SL @ 0.5856 TP 1 @ 0.6225 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.6405 Risk-to-Reward @ Approx. 1.72 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Trade closed: stop reached
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Market riots from the Israel-Iran concerns. Hopefully, war doesn't break out.
Hit our Stop Loss levels. Will reconsider again if markets stabilize.