XRP / TetherUS
Long

XRP/USDT - Buying the dip - May 3rd, 2021

271
XRP price was taken down by the BCT speed dump this afternoon, piercing below the support area around 1.3984. I'll try a conservative approach with the SL a bit below the dip and the TP at the previous swing high (4h) at 1.6645.

My trade:

Entry: 1.3808
TP: 1.6645
SL: 1.2881
Risk/Reward: 3:1



Disclaimer: I am a beginner trader, not a professional.

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.