Long

XRP/USDT 1h (Binance Futures) Bullish pennant near breakout

Updated

Ripple is showing more bullishness, I believe it will go for a move up again!
So far, 50MA seems to be holding the up-trend and I don't see any sign of a big drop here, at least for now.

Current Price= 0.6946
Buy Entry= 0.6875 - 0.6525
Take Profit= 0.7312 | 0.8562 | 0.9577
Stop Loss= 0.6088

Risk/Reward= 1:1 | 1:3.04 | 1:4.7
Expected Profit= +9.13% | +27.79% | +42.94%
Possible Loss= -9.13%

Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x
Estimated Gain-time= 72h

Trade active

First entry filled

We may see something like that for #Ripple if we are lucky enough.

Note

Second entry almost filled

Ripple going exactly as planned so far, I added to my position manually!

Note

Broke-out and pulled-back

First target was missed by 0.0019$ for Ripple so I updated it higher now, making RR= 1:1.5 for TP1.
It seems like we are heading upwards hard soon, fasten your seat belt... 💺

Note

Entry zone revisited

It may have been the last leg down for #Ripple, I bought more on that dip 🤞🏼

Trade closed: stop reached

Stopped out with -9.13% (1x)

Speaking of which, turned out to be a fake-out upwards, then Ripple broke down the pennant.
It would have been smart to short on the retest but I was sleeping!

Note

XRP/USDT 1m (Binance Futures) Descending channel breakout [LONG]

#Ripple risky scalp on very low time frame.

Current Price= 0.05190
Buy Entry= 0.5092 - 0.5020
Take Profit= 0.5191 | 0.5341 | 0.5538
Stop Loss= 0.4919

Risk/Reward= 1:1 | 1:2.1 | 1:3.55
Expected Profit= +10.76% | +22.64% | +38.20%
Possible Loss= -10.76%

Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 4x
Estimated Gain-time= 12h

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