Xrp 4 hour bullish setup
2024-12-21
Category: None

XRPUSD 

Entry Points, Stop Losses, and Targets


	1.	Entry Point:
	•	Buy at Market: Around $2.30 - $2.35.
	•	Alternatively, place a pending buy order at $2.25 if the price revisits the support zone.
	2.	Stop Loss:
	•	Place below the support zone at $2.05 to minimize risk in case of a false breakout.
	3.	Take Profit Targets:
	•	Target 1: $3.00 (First major resistance level).
	•	Target 2: $3.50 (Local high).
	•	Target 3: $5.00 (Psychological level and strong bullish continuation target).
	4.	Extended Target:
	•	Beyond $5.00, use a trailing stop-loss strategy to ride the trend toward $10 or higher.