$XRP Setup No. 2: Long on Breakout (Breakout Long)For trend traders, if the price starts to rise sharply without a prior pullback.
Entry Zone (Entry): Breakout and consolidation above $1.125 (entry on a retest of this level from top to bottom on the 1-hour timeframe).
Stop Loss (Stop Loss): $1.080 (below the local low from which the breakout impulse began).
Take Profits (Take Profits):
TP 1: $1.185
TP 2: $1.240
Entry Zone (Entry): Breakout and consolidation above $1.125 (entry on a retest of this level from top to bottom on the 1-hour timeframe).
Stop Loss (Stop Loss): $1.080 (below the local low from which the breakout impulse began).
Take Profits (Take Profits):
TP 1: $1.185
TP 2: $1.240