Price successfully hit the trendline with absolute precision and reversed. As stated in the prior idea, my long position was entered with a 30pip stop targeting the $0.3400 region.
Hopefully, if you were patient you managed to catch the move as well!
Price is currently up around 60 pips and holding off the $0.3300 resistance well for now, allowing me to put my stop at breakeven for a risk free trade. As per with XRP, a correction is very likely hence the stop loss movement.
Should we retest the trendline I will double up on my position.
All we need now is a clean break of $0.3300 and target should be met with relative ease.
Great day on the crypto side of trading!
Great result! Letting trade run risk free now :)