As we can see on the chart, there is an opportunity of a long position in XRPUSD. First, there is a breaking point in the resistence line at 0,1784. Also, we can see a rebound in the bullish trend line at 0,1790 along with a crossover of 9-day (short-term) and 20-day (long-term) moving averages, which is a bullish signal.
Therefore, we can open a long position at market price and set a trailing stop order of 5% to limit possible losses.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.