Breakout looks imminent;
coming off trend support, look to buy long
STOP ENTRY: 0.22098
SL: 0.20604
TP: 0.28582
cancel stop order if we break below
0.20943
1st TP 0.24701 (11% gains)
final TP 0.28582 (30%+ gains)
Final TP is would reach the supply zone of the structure, also creating an over under bearish reversal pattern, this would be an ideal place to short.
as such, this is the final target.
Keep an eye on 0.24701, as a point of potential weakness and signs of bearish reversal.
good luck.
coming off trend support, look to buy long
STOP ENTRY: 0.22098
SL: 0.20604
TP: 0.28582
cancel stop order if we break below
0.20943
1st TP 0.24701 (11% gains)
final TP 0.28582 (30%+ gains)
Final TP is would reach the supply zone of the structure, also creating an over under bearish reversal pattern, this would be an ideal place to short.
as such, this is the final target.
Keep an eye on 0.24701, as a point of potential weakness and signs of bearish reversal.
good luck.
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Pin bar closed on the Daily:
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H1 = pressure on resistance.
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Breakout would result in break of triangle as well
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XRP is breaking out.