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

26 nov 2020

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

26 nov 2020

Trade attivo

All entries filled and bounced

Go Ripple

26 nov 2020

Trade chiuso: obiettivo raggiunto

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!

26 nov 2020

Trade chiuso: obiettivo raggiunto

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!