A long XRP trade setup, with almost a 5/1 return.
Personally in it for the longer run on the larger scale but can't help looking for day trade setups when they present themselves.
After the recent dump following the run in the past couple of months, I feel that price has hit a good level of support, there are no guarantees of course however price is currently in the zone of $0.22, which represents a very proven level in the past.
My target comes from combining the 1.618 fib level with a proven S&R zone slightly lower to increase the chances of realistically hitting the target in the near future, but still retaining a solid R/R.
Personally in it for the longer run on the larger scale but can't help looking for day trade setups when they present themselves.
After the recent dump following the run in the past couple of months, I feel that price has hit a good level of support, there are no guarantees of course however price is currently in the zone of $0.22, which represents a very proven level in the past.
My target comes from combining the 1.618 fib level with a proven S&R zone slightly lower to increase the chances of realistically hitting the target in the near future, but still retaining a solid R/R.