XRPUSDT just broke the descending wedge it was creating recently as the overall market is showing some positive signs. If BTC continues to go higher and break the parallel channel, it would be nice for us to reach higher targets.
Stop Loss and 3 targets are given in the chart. Place your SL a bit tight. Because if BTC again rejects from the channel to the downside, there is no point holding the position in an anticipation of going higher and breaking out. So watch out BTC at the trend line of the channel too. If it looks going down again, book half profit at the TP1 and breakeven the rest.
Have a great trading day ahead
Stop Loss and 3 targets are given in the chart. Place your SL a bit tight. Because if BTC again rejects from the channel to the downside, there is no point holding the position in an anticipation of going higher and breaking out. So watch out BTC at the trend line of the channel too. If it looks going down again, book half profit at the TP1 and breakeven the rest.
Have a great trading day ahead
