XRP BULLISH PINBAR ON SUPPORT (4h)

2023年4月24日

XRP provided us with a nice, big, bullish pinbar on a 4h chart. Based on both support and resistance areas and ATR, our stop should be 0.04 points bellow current price and take profit at around 5 which is ~0.06 points. That is 1:1.66 risk to reward ratio, which is quite sufficient with a signal as strong as this together with strong BTC as a carrier.

2023年4月25日

註釋

Move still in play. Now at an even better price, but if the candle closes strongly red, I might consider taking at least some of it off. If it closes green above 0.458$, that's a great confirmation for bullish action.

2023年5月2日

交易結束：達到停損點

While there was some potential for long profit, the trade turned out to be rather disappointing and resulted in a stop on my side. Setting stop limit more loose would've been more risky, but in this situation my stop proved to be too tight. Either way, while there were chances for long profit, the target price was not reached and XRP actually did worse than BTC.