25 sept -> XRP is at an uptrend! Will it continue its rise?!

You know that XRP made some crazy move the last days. But if you were to late to enter the market, you know that you just can’t go totally FOMO and randomly buy XRP. The last few days you see that XRP was making an retracement. There are a view reason, that the price might bounce back up

1. The price is at the 38.2% Fibonacci line
2. The price is at the uptrend for the third time
3. The price is still above the 200 MA
4. And you see that the price is moving upwards

There are a few things you can do with your trading plan
Entry:
• There are multiple entries, it is possible to enter after this hour is done or wait till the price is at the 200 MA
Stop loss:
• A close below 68384 or
• A close below the 200 MA
Target
• It is possible to take some profits at 99862
• And at 107391

DISCLAIMER: ALWAYS keep in mind! That this is NOT an investment advice, but an analysis. You can do whatever you want with this information, so trade at your own risks!

Trade wurde manuell geschlossen:

Dayuuuuumm who also took the trade?

I have taken my trade out already, because I see on a 5 minute chart a resistance zone is forming and also a double top. And because of my Risk Management I have achieved my daily profit target, I took it out too