Opportunity to short XRP. Intrabar support broken, currently overbought on the 1m, and hourly is overbought as well, up against resistance. Solid risk to reward ratio at about 33 to 1.
Support will be strong at .36, completing the descending triangle, looking for a strong buy there.
Support will be strong at .36, completing the descending triangle, looking for a strong buy there.
Note
Look for opportunities to lock in profit, now that it's made some money. I'd recommend at least a breakeven stop at this point.Trade closed: stop reached
If you closed it out when I said, that's a solid 8/1 ratio. Good job!
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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.