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Trading idea: XRP - USDT (long trade)

Trading idea: XRP - USDT (long trade)
Photo by Austin Distel / Unsplash

We open a new long position on XRP.

Setup: Confirmed uptrend, increasing swing volume, just bounced off lower Bollinger bands.

SL: 0.4427

Target: 0.5120

R/R ratio: 2.0

Take profit 5%.

Disclaimer: We are long on Cryptocurrencies. The posts here express our own opinions regarding trades. It’s no investment advice. We are not receiving compensation for it. Investing is risky, worst case is that investing in stocks and cryptocurrencies can result in a complete loss of fortune. These are mahtematical models that may fail to predict price movements in the future.