To enter this pattern, you should accumulate above the lower trendline.
It is important to have a stop loss in place to manage risk. If any daily candle closes below the lower trendline of the triangle, then you should exit the trade.
Remember to always be cautious and consider risk management strategies.
I will keep you updated. Stay tuned.
Note
#XRP is hovering around a major flip level of $0.538–$0.547, and the price has come a long way from a downtrend. The price has flipped from a bearish to a bullish market structure, and a daily candle closing above the zone will open the room for the next resistance around $0.600. Therefore, buys can be taken into account, and sales will be risky at this point.
#Crypto
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Register on WEEX and Blofin and trade with me: 👇
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
support.weex.com/en/register?vipCode=bamn
partner.blofin.com/d/Cryptomojo
Free TG Daily Futures Signals: 👉 t.me/CRYPTOMOJO_TA
Related publications
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.