XRP/BTC 8H (Binance) On old support, again
Updated
Well, Ripple didn't let us scalp right yesterday, we'll see if it does make us happy on higher Time Frame:
Buy Entry= 0.00002533 - 0.00002483
Take Profit= 0.00002647 | 0.00002782 | 0.00002892
Stop Loss= 0.00002369
Risk/Reward= 1:1 | 1:1.97 | 1:3.48
Expected Profit= 5.54% | 10.93% | 19.30%
Possible Loss= -5.54%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Buy Entry= 0.00002533 - 0.00002483
Take Profit= 0.00002647 | 0.00002782 | 0.00002892
Stop Loss= 0.00002369
Risk/Reward= 1:1 | 1:1.97 | 1:3.48
Expected Profit= 5.54% | 10.93% | 19.30%
Possible Loss= -5.54%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
2/3 entries filled, the third one almost reached for 6 sats, hold for targets now.Note
Last entry filled, prepare for bounce.Note
Stop almost get hit but we were saved by 6 sats, I updated it a bit lower to give more space to price action. We are still in descending channel, new SL= 0.00002323, that reduces the R/R= 1:0.75 for first target.Note
Plus on higher time frame a double bottom is forming, this could pump hard!Trade closed: target reached
TP1 reached, that was worth the wait. I was also operating it on Margin account with 5x leverage so that's +27.70% from average entry! I took some profit and hold for other targets.Trade closed: target reached
TP2 hit with +10.93% (54.65% profit with 5x)
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