Set a tight stop just below $0.89 and let's see if we get a continuation move. This looks like a decent entry for a relatively low risk/high reward trade. Bithumb is BACK and that is HUGE for XRP volumes. Let's see!
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So, we are in the trade and profitable ATM. Let's move stops to break even and see what we get! Is XRP going to lead the way out of the BEAR? Too soon to tell, but continuing the up move from .54-.56 support levels is encouraging.
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And there's target #1. So far, so good...
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Everything looks good except VOLUME and a little MA resistance on the 4HR & Daily charts. That said, as long as we stay ABOVE $1.05-$1.07 we are still on track to hit price objectives.
In case you are wondering, I'm running a trailing stop on all but my core LT holdings from this point just under the 200MA on the 5 min chart @ $0.9579.