POWcharts

XRP found a local top

Short
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BINANCE:XRPUSDT.P   XRP / TetherUS PERPETUAL CONTRACT
I will enter a stop position on XRP at 0.3562

Three take profit targets at
0.3435 3.5%
0.3355 5.7%
0.3222 9.5%


Stop loss if 4hour candle closes above
0.3619 1.75%

This idea is supported by technical indicators
and by the btc trend which seems to have found a resistance aroun 21700$

since stop loss is at 1.75% i will use 3x leverage
risking around 5% of my position.


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Trade closed: target reached:
First target reached.
Setting stop loss at entry price and waiting for second and third target.

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Comment:
TARGET 2 SMASHED!
with the leverage i suggested it is 17.1%.
Comment:
adjusting stop loss for the remaining at first target price
Trade closed: target reached:
i will close the rest of the position here at the second target price.

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