Long position
Entry 2.10
TP 6.5
SL 2.0
Breaking out of daily RSI downtrend 📈
Believe that $3 price point has significance. Huge move up Sun 2nd March - believe that is a signal.
Anticipate $3 to act as resistance, bounce up from the downtrend (approx 10th May), re-test all time high and then flip $3 into support. Upper target $6.82 however setting $6.5 TP for safety.
Bitcoin breaking above
89K could be a trigger for a move up across alts including XRP.
Really tight stop loss as we are currently 0.02 away from flagging a red weekly candle. Recommend that if the uptrend breaks then flip to short with TP @ $1.30
Entry 2.10
TP 6.5
SL 2.0
Breaking out of daily RSI downtrend 📈
Believe that $3 price point has significance. Huge move up Sun 2nd March - believe that is a signal.
Anticipate $3 to act as resistance, bounce up from the downtrend (approx 10th May), re-test all time high and then flip $3 into support. Upper target $6.82 however setting $6.5 TP for safety.
Bitcoin breaking above
89K could be a trigger for a move up across alts including XRP.Really tight stop loss as we are currently 0.02 away from flagging a red weekly candle. Recommend that if the uptrend breaks then flip to short with TP @ $1.30
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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.
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.