XRP/BTC 1H (Binance) On pennant & falling wedge support
Updated
Ripple brokedown the red triangle but is now on double support, let's scalp this possible bounce:
Buy Entry= 0.00002672 - 0.00002650
Take Profit= 0.00002752 | 0.00002799 | 0.00002847
Stop Loss= 0.00002570
Risk/Reward= 1:1 | 1:1.52 | 1:2.04
Expected Profit= 3.42% | 5.19% | 6.99%
Possible Loss= -3.42%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x
Buy Entry= 0.00002672 - 0.00002650
Take Profit= 0.00002752 | 0.00002799 | 0.00002847
Stop Loss= 0.00002570
Risk/Reward= 1:1 | 1:1.52 | 1:2.04
Expected Profit= 3.42% | 5.19% | 6.99%
Possible Loss= -3.42%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade closed: target reached
TP3 hit with 6.99% profit, but SL was reached first. If you didn't use one (not recommended) or use a wider one, I hope you took nice profit.
If you got stopped before that, I had published another set-up lower and that small loss was more than compensated:
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