bizmark

XRP triangle breakout 📐

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bizmark Uppdaterad   
BINANCE:XRPUSDT   XRP / TetherUS
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!
  • 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👍, commentđŸ—Łïž, follow me✒, enjoyđŸ“ș!

⚠Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Kommentera:
Just forgot to add the RRR value to TP3 line on chart. Yes it's 7.3 as stated in the description.
Handel aktiv:
Order filled ✔
Trade stÀngt: Stopp nÄtt:
SL hit 🛑

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