XRP / TetherUS PERPETUAL CONTRACT
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XRPUSDT 1D long setup; Cup&Handle breakout

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TA explained
XRP formed a Cup&Handle pattern on the 1D timeframe. Broke out the handle some time ago already, did a retest of the breakout level with a strong wick down on Oct 27.

Since then an uptrend has been forming. Anticipating the trend to continue in the upward direction. Ultimate target would be the Cup&Handle final breakout level.

Trade setup
Best entries: 1.1690 - 1.2397
TP1: 1.6184
TP2: 1.9250
TP3: 2.2704
SL: 1.0290
RR: 6.0
Max leverage: 1

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