XRP/USDT - 20% Long! (2x Leverage) 4H Chart
I have not posted in a while however saw this come up and thought I would share it with all of you... This is not financial advise and is merely a reflection of my own personal views... In saying that, Good luck to those who follow!
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- Triangle Pattern formed and broken out of on the 4H chart with a retest of the horizontal resistance level (circa 84 cents)
- 1.618 Fibonacci extension highlights a price target of 94 cents (I am personally setting a take profit at 93 cents)
- Stop Loss set at 83 cents reflecting a 4:1 Risk reward Profile (5% loss to 20% gain)
I have been watching this chart all day and personally entered at 85 cents at 2x Leverage - never trade leveraged without having an appropriate exit strategy...
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- Triangle Pattern formed and broken out of on the 4H chart with a retest of the horizontal resistance level (circa 84 cents)
- 1.618 Fibonacci extension highlights a price target of 94 cents (I am personally setting a take profit at 93 cents)
- Stop Loss set at 83 cents reflecting a 4:1 Risk reward Profile (5% loss to 20% gain)
I have been watching this chart all day and personally entered at 85 cents at 2x Leverage - never trade leveraged without having an appropriate exit strategy...
Trade closed: target reached
Happy Days.
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.
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.