XRP swing trade
Uppdaterad
Finally starting to see some signs of a potential bottom on Ripple. I see 3 buy signals on 12hr and an easy place to put my stops.
My buys are down to local bottom, stop is a comfortable distance below. Daily is still technically in a bearish trend, so this is a premature trade idea based on what I see starting to happen on low time-frames and what I expect to happen on higher time-frames, low R:R on stop for me.
A possible position is outlined on the chart to show you the R:R I am talking about, even with an entry at current price.
We are also inside the range Core has previously mentioned.
Time frame on this trade is 2-4 weeks.
If recent bottom fails to hold this is a fast exit for me and I will look for a new setup.
Lower time-frames are showing consolidation. Open targets for the moment, but I will update.
This is a journal of my own trades, I publish it for educational purposes only.
My buys are down to local bottom, stop is a comfortable distance below. Daily is still technically in a bearish trend, so this is a premature trade idea based on what I see starting to happen on low time-frames and what I expect to happen on higher time-frames, low R:R on stop for me.
A possible position is outlined on the chart to show you the R:R I am talking about, even with an entry at current price.
We are also inside the range Core has previously mentioned.
Time frame on this trade is 2-4 weeks.
If recent bottom fails to hold this is a fast exit for me and I will look for a new setup.
Lower time-frames are showing consolidation. Open targets for the moment, but I will update.
This is a journal of my own trades, I publish it for educational purposes only.
Kommentera
Trade going well so far.Up over 9% of on entry and not looking to close this one yet. I will keep adding to this position on dips that hold above the daily 5ma and take profit at previous highs, or a daily close below the 5ma. Will reopen as long as price holds above the daily 20ma.
This is a great place to TP if you want to secure what you have gained, as a retrace looks imminent, but I am not taking profit on my entire position at this level.
6hr shows likely retrace over next 24-48hrs
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.