We are looking at a trade setup for Ripple (XRPM19) on BitMEX. Let's get straight to the signals:
We have a double bottom and multiple signals pointing to a breakout to the upside.
We have a bullish falling wedge.
We know XRPM19 to be bullish because it completed its retrace before reaching 0.786 Fib. retracement of the last bullish wave.
So if there isn't another drop, Ripple can move up from here.
We are looking at a trade set up with 8X leverage and up to 173% ROE potential.
Make sure to hit like if you would like to see the full trade details (buy-in, targets, stop-loss, and additional information).
Our previous trade for XRPM19 generated 107% ROE after hitting three targets. This is now the retrace and a new move will happen soon... You can find our previous trade idea here:
Thanks a lot for reading.
This is not financial advice.
All the information shared here is for learning and educational purposes only.
Leveraged trading is only for experienced/advanced traders.
Leveraged trading is ultra-high risk and not intended for beginners. If you can't take a loss, this is not meant for you. Trades can be good as they can be bad.