Took profit on XRP Breakout Trade, waiting for next setup.
This was a nice risk reward cryptocurrency XRP trade.
Green boxes show te same size below and above the breakout flag.
This is normally a good extension level to take profit while trading. (We are not talking about the investing hodlers, this is trading example)
This also overlaps with the 61.8 extension as the fibbonaci target.
From here on, it can keep breaking out higher.
Or pullback into the moving averages or shape some kind of new flag pattern for a new breakout next week.
Good trading, TGIF and Happy weekend!
Green boxes show te same size below and above the breakout flag.
This is normally a good extension level to take profit while trading. (We are not talking about the investing hodlers, this is trading example)
This also overlaps with the 61.8 extension as the fibbonaci target.
From here on, it can keep breaking out higher.
Or pullback into the moving averages or shape some kind of new flag pattern for a new breakout next week.
Good trading, TGIF and Happy weekend!
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