XRP/USD - movement to the upper resistance level.
Updated
Reason for the purchase:
* Fastening above level 0.2060
* Increased volume (increased demand at the level)
* Accumulation to continue driving
* I see where to hide the stop loss
At the weekly timeframe, the volume of trade increased.
You can see from the moving average that the bearish trend is still continuing.
But if the volume is increased, the change of trend increases the probability.
I consider the 0.20 key level to be the key level, the decline will continue.
Buying from the level, I consider it relevant.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
* Fastening above level 0.2060
* Increased volume (increased demand at the level)
* Accumulation to continue driving
* I see where to hide the stop loss
At the weekly timeframe, the volume of trade increased.
You can see from the moving average that the bearish trend is still continuing.
But if the volume is increased, the change of trend increases the probability.
I consider the 0.20 key level to be the key level, the decline will continue.
Buying from the level, I consider it relevant.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
Trade closed: stop reached
Note
new idea
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