Reasons to consider a short sell:
- Rising wedge formation indicates fewer buyers on each re-test of trend line
- Pop out the top of rising wedge into a previous consolidation zone that trigger a sell off during May (supply zone)
- Risk to reward (4:1) meet's criteria and allows multiple profit targets
Operación activa:
I've moved stops to BE already to lock in a free trade. At a minimum half risk
Operación activa:
Target 1 hit! Trailing stops to lock in profits
Operación activa:
Possible head and shoulders pattern. Another bearish sign. Could see a retracement to the neckline before continuation to target 2
Operación activa:
Another rising wedge pattern on 15min:
Operación cerrada manualmente:
Out of position on trailing stop. Locked in profits. Also note something is definitely cooking on XRP/USD. A lot of accumulation.