Long
XRP Scalp Opportunity with a 6.6RR and a 50-60% profit potential
Good morning traders!
I've found a nice quick scalp opportunity on XRPH19 after we had a nice retest of previous resistance before the breakout.
XRPH19 on Bitmex has low liquidity, so it's a higher risk trade but I like the support it's held so far and I've bought these S/R flips before for nice profits on the bounce.
I'm looking at a 10X leverage trade with a trailed take profit when and if we get the bounce.
Targets are ideally the .618 and the .786 on the bounce.
Good luck and happy trading!
Remember:
If the chart is old, don't trade off of it.
This is only for research purposes only.
Manage your risk with stop losses and correct position sizes.
I've found a nice quick scalp opportunity on XRPH19 after we had a nice retest of previous resistance before the breakout.
XRPH19 on Bitmex has low liquidity, so it's a higher risk trade but I like the support it's held so far and I've bought these S/R flips before for nice profits on the bounce.
I'm looking at a 10X leverage trade with a trailed take profit when and if we get the bounce.
Targets are ideally the .618 and the .786 on the bounce.
Good luck and happy trading!
Remember:
If the chart is old, don't trade off of it.
This is only for research purposes only.
Manage your risk with stop losses and correct position sizes.
Trade active
The 23.6% fib level was reached for 16% profit on 10X and 32% profit on 20X.Trade is still open with a trailed stop loss to 8050 to lock in at least a 5% profit.
Continue trailing your stop as the trade moves. :)
Note
Stopped out for profit after taking some off at the top as well.Re-entered again with a new stop for this ascending triangle pending a bullish breakout.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.