XRPBTC
Ripple has a decent support around 0.00006080 , creeping into the extremely oversold category.
Trading strategy:
Enter around the support, with sell targets :
0.00007800 up to 0.000093. Extend your sell targets to the upper range once the EMA lines are broken.
Stop loss once we have a definite daily closing below ~0.00006080
Risking ~4000 satoshis to earn ~14000 up to ~29000. R/R = ~3.5 up to ~6.5
Trade active:
MACD Cross & Daily candle, first signs of potential reversal.
Trade closed: stop reached