BitOwned
Long

XRP - Long Phase Back to $0.30+

BITFINEX:XRPUSD   XRP / U.S. Dollar
This is BitOwned with another trade setup for you ready for take off.

After the surprise drop from the cliff of BITFINEX:XRPUSD , that no one was expecting to happen (That should have been an alarm bell!), I took a step back as I usually like to do and waited for the chart to mature to find the best trade setup for you.

XRP/USD have stayed in the accumulation phase at the bottom more than it used to do at this level and I believe this should provide enough liquidity to jump over $0.30 very soon by the end of this week or early next week.

We have to wait now for the price to reach the retracement levels and have the buy limit in place. We could meet one or both, but stops for both entries should be left at the exact price as shown in the chart.
I have an additional entry with a smaller position at $0.279 which I wish to risk for this trade.

Enjoy this trade setup and let me know your profits if you took the trade! ;)

All The Best
@BitOwned
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