XRP/USDT 1m (Binance Futures) Descending channel breakout
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
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
Trade active
All entries filled and bouncedGo Ripple
Trade closed: target reached
TP1 reached with +10.76% (4x)Nice to earn again after the loss at Ripple yesterday night.
SL at entry now and hold remaining position for higher targets!
Trade closed: target reached
TP2 reached with +22.64%, then TP3 with +38.20% (4x) 🎯And that's a wrap, fast recovery for #Ripple, I'm glad I waited until it was clear enough to long again.
This is the reason why you shouldn't just BTFD when dropping, wait for reversal sign first is the way!
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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.