XRPUSD had a nice run up most recently, but with its break of the upper Bollinger Band along with over bought status at extreme levels, reminiscing February 2022, we may be looking to revert course. Currently under the 200 EMA as well and rejected off of the major resistance zone, I think a safe landing would be next major level of support for the time being. I waited until the confirmation candles following the Doji at the top to take this trade and am learning to be even more patient with my daily charts.
Trade active:
Entry: $0.4450
Take Profit: $0.3895
Stop Loss: $0.4950
Take Profit: $0.3895
Stop Loss: $0.4950
Trade closed: stop reached:
❌ Big Miss: Bounced off of a short term support line