XRP triangle breakout 📐
Updated
Ripple is breaking out of this local range up and I think it will also break up this triangle📐later on. Then there would be a chance for run to 2.29 and even higher. Setting BUY LIMIT order to catch the pullback.❌R P come on!
Will the history repeat itself? 👇
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
- ENTRY: local high @ 0.9361
- STOPLOSS (SL): local low @ 0.7601
- TARGETS (TP): TP1 - resistance @ 1.41 | TP2 - resistance @ 1.70 | TP3 - resistance @ 2.22 right below of the projection (height of the triangle projected from midpoint of the local range (BUY LIMIT - SL))
- REWARD RISK RATIO (RRR): TP1 - 2.7 | TP2 - 4.3 | TP3 - 7.3
- INVALIDATION: when SL level hit
Will the history repeat itself? 👇
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Note
Just forgot to add the RRR value to TP3 line on chart. Yes it's 7.3 as stated in the description.Trade active
Order filled ✔️Trade closed: stop reached
SL hit 🛑
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