XRP-BTC Long Trade Plan

11 thg 4, 2019

Commodity : XRP
Trade Type : LONG
Trading Against : BITCOIN
Exchange : BINANCE and BITMEX
Entries : Double-UP Entries throughout both the Buy Zones
Profit Taking : 25% at each TP point.
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-4 weeks

Leveraged Trade
Investment in trade : 2% of the total Trading Balance.
Leverage : 3x
Prospective Profit : 57% to 153%
Prospective Loss : 33%
RRR : SL to TP1 is 1.7, SL to TP2 is 2.4 , SL to TP3 is 3.6 and SL to TP4 is 4.6

Non - Leveraged Trade
Investment in trade : 5% of the total Trading Balance.
Prospective Profit : 19% to 51%
Prospective Loss : 11%
RRR : SL to TP1 is 1.7, SL to TP2 is 2.4 , SL to TP3 is 3.6 and SL to TP4 is 4.6

Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)