XRP Scalp Opportunity with a 6.6RR and a 50-60% profit potential
Updated
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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