XRPUSD short term Bullish trade opportunity: Risk 1 to Earn 2
Updated
Bitcoin bounced of 7200 , indicating alt session will get some needed love over the next few days. If bitcoin holds above 7200, this would indicate a Higher low and the consolidation continues to the upside now. XRP has been over sold and now its a good opportunity based on the risk/reward criteria. This is not a hope and hold but an actual calculationed risk per trade. Use 1-5% of your portfolio to buy here and hold it for the next wave up. Expect to break out of the bearish channel and move up to resistance.
Note
We have strong support at 0.57 area. its worth doubling down on this entry to average the entry price to .59 and exit out on the next wave up.Note
closed the trade today.
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