That’s a solid long setup for XRP/USDT with clear technical logic—nice job!
Here's a quick breakdown and a couple of suggestions to strengthen your plan:
Confirmation factors:
Price above MA(7) with higher lows = bullish short-term momentum.
Entry zone (1.94–1.95) is right above recent consolidation—good for momentum-based entries.
Stop loss at 1.87 gives it room to breathe without overexposing.
TP1 at 2.00 is close to the round number and MA(25)—smart partial profit area.
Risk-to-Reward Ratios:
TP1: 0.05 / 0.08 = 0.63 – conservative, but useful for trimming.
TP2: 0.15 / 0.08 = 1.88
TP3: 0.28 / 0.08 = 3.5 – excellent R:R.
Suggestions:
1. Entry Confirmation: Wait for a strong bullish candle close above 1.95 with volume to avoid fakeouts.
2. Trailing Stop (Optional): After TP1, consider moving SL to breakeven or just under 1.92 to lock in gains.
3. If Volatility Spikes: Use smaller position size, or widen SL a bit if price action stays bullish but wicks are aggressive.
If you want, I can chart this out visually or provide the same strategy on the 1H or 1D timeframe to align with your style. Want a short setup as well for when conditions flip?
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