$XRP/USDT 1D (Binance Futures) Symmetrical triangle breakdown

٢٥ مايو ٢٠٢١

Ripple has broken bearish and got rejected by 100EMA on the retest, more downtrend is likely for the coming weeks.

Current Price= 0.9405
Sell Entry = 0.9390 - 1.0130
Take Profit= 0.7850 | 0.6530 | 0.5350
Stop Loss= 1.1290

Risk/Reward= 1:1.25 | 1:2.11 | 1:2.88
Expected Profit= +19.57% | +33.09% | +45.18%
Possible Loss= -15.68%

Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 2 months

٢٦ مايو ٢٠٢١

تم فتح الصفقة

All entries filled

Ripple is trying to break inside the triangle again but let's stick to the plan.

٢٨ مايو ٢٠٢١

ملاحظة

+13.07% (1x) from average entry

Ripple is finally showing some weakness, if you entered big you can start reducing, but targets are still in play!

٣١ مايو ٢٠٢١

ملاحظة

TP1 almost hit with +18.85% (1x)

Ripple missed first target by 0.0070$ then bounced back, that's was very close.
Now facing 100EMA resistance again, don't forget your SL in case it breaks bullish!

١ يونيو ٢٠٢١

تم حذف الأمر

CL with -3.56% (1x) and -0.23R

Ripple broke back inside the triangle and almost hit our SL during the night.
Priority seems to be bullish again, 100EMA acting as support now, time to cancel on that pull-back!

٢٢ يونيو ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

TP3 would have been reached with +45.18% (1x) and +2.88R

Ripple went for all targets after all, this analysis was so on point, we should have stuck to it...
Congrats is you traded it manually down to the bottom, we honestly did not but good for confidence anyway!