EthanTW

XRPUSDT Descending wedge and the entry timing!/Trading strategy

Long
BYBIT:XRPUSDT   XRPUSDT SPOT
XRPUSDT
4H trend chart
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Price has been consolidating in a descending wedge for 3 days.
Recently, it got support from Vegas tunnel_144/169ema and Support zone(pink rectangle)
If price can break out this descending wedge and stand firm on 12ema(black), trading strategy as below.
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Profit Targets:
a) 1.2308----Fib(1)
b) 1.3244~1.3623----Fib(1.272~1.382)
c)1.5751-----Fib(2)

Stop losses:
a) I'll update it if upper downtrend line got broken out.
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