Presenting the trade on XRP on the long waited news of the court case vs the SEC.
as the judge called it "not a security" during a court hearing last week.
Technical :
XRP blew up to 0.9+$ from 0.45.
This was our first igniting wave on the chart showing potential continuation to further upside.
Last 2 days chart formed a pennant shape -showing potential rise to 1$ and above.
Trade details
An example on 1000$ investment:
From the whole capital of 1000$ you inject in the market 730$(100 volume in lot) while having the extra 270$ to sustain market fluctuation in order not to get stopped out.
Profit: 2895$ (Take Profit at 1.00$)
Risk :205$ (Stop Loss at 0.69$)
Risk/Reward 1:14 !!!!
For each 1$ the potential return is 1
Trading online is highly speculative, carries a high level of risk and is not appropriate for every investor. This is NOT a financial advice in any way - trading crypto carries the highest risk possible ! trade on your own risk !