XRP/BTC (Descending Triangle - Broke Downside)

XRP/BTC

-descending triangle broke to the downside
-weekly support is broken at the 2300s
-next weekly support is located at the 1500s
-if downtrend will continue, expect -30% more
-you have entered Long position above the 2300s
-your stoploss should have triggered already
-don't catch a fallen knife
-wait for the reversal confirmation
-before entering a Long position