XRP
Current Price:$0.6800
Long Signal Setup:
Entry Point: Consider entering the trade if XRP breaks above a certain resistance level, such as $0.70, indicating potential upward momentum.
Take Profit (TP) Targets: You mentioned three TP levels. You can set these at different price points to secure profits:
- TP1: $0.75
- TP2: $0.80
- TP3: $0.85
Stop Loss: Determine a price level below your entry point, like $0.65, where you would exit the trade to limit potential losses.
Risk Management: Calculate the position size based on your risk tolerance. Ensure that your potential loss, if the trade goes against you, is within your acceptable risk.
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