EthanTW

XRPUSDT - is going to Break out?

Long
BYBIT:XRPUSDT   XRPUSDT SPOT
XRPUSDT
4H trend chart
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XRP is consolidating for a while, and forming a big triangle.
Price is approaching to the end of triangle pattern now.
But should notice in 1H time frame, there are 2 traps during consolidation.
If price can break out the downtrend line w/o long upper shadow line, trading strategy.
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Profit Targets:
a) 1.2308----Fib(1)
b) 1.3321~1.3731----Fib(1.272~1.382)
c) 1.4171----Fib(1.5)

Stop losses:
a) 1.0340-----Red horizontal ray
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