XRPLong
XRP/USD Symmetrical Triangle, Watching for Confirmed Buy Setup
Updated
XRP/USD is currently consolidating within a symmetrical triangle pattern on the H4 timeframe, signaling potential breakout opportunities. My trading plan involves buying if the price breaks out of the triangle to the upside (blue area) or if it revisits the next support of the pattern (purple area). The target for this setup is 3.00, with a stop loss set below the triangle's lower boundary to manage risk effectively.
Disclaimer: This analysis is simply a sharing of my personal trading plan and is not intended as financial advice. Please conduct your own research or consult a professional before making trading decisions.
Disclaimer: This analysis is simply a sharing of my personal trading plan and is not intended as financial advice. Please conduct your own research or consult a professional before making trading decisions.
Trade closed: target reached
Disclaimer
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