XRP Long

Target 2: 0.31425

Target 1: 0.3015

Entry: 0.2675 (now)

Add on trade: 0.258

Stop: 0.24538

conservative 1.5=2 R trade

explanation of my lines

purple: simple trendline to forecast if there is future bullish divergence, and an area to add on to trade

yellow: trendline of previous price action

blue: clone of yellow trendline, can possibly foretell future price action

green: add on level

red: stop level

the R on this trade can be more if it's managed in an out, but have your risk known and definite.

UIOGD - JMJ
Travis

Comment:

I took half of this position off at 0.282

seeing the blue trendline, i think price is at a potential spot of topping for a time.

if you were to close the entire trade here, it would yield 0.6R profit

Trade closed: stop reached:

i got out that half position at right place at 0.282

the add on at the green line was a total loss.

final tally lost 0.5 R

Comment:

also want to point out that the angle of that last flag, where half position was taken, really respected that blue line in angle... that line was cloned from the previous price action angle at the yellow line...
another way to 'predict' price action, though figuring out the monetization of such knowledge can be improved, obviously...