XRPLong
XRP 5.3R Long
There is a very clear resistance level that has seen multiple attempts to break through now.
I see there being a good chance the market is about to break through but I don’t see any strong moves happening until tomorrow as the stock markets are closed today.
This could mean we see a relatively weak break above and then retest before pushing higher. So another good trading opportunity could be to wait for a break and retest of this zone.
I say 40% chance this trade is successful.
There is a fair chance the market backfills the imbalance lower down first and this would be another opportunity to enter.
I see there being a good chance the market is about to break through but I don’t see any strong moves happening until tomorrow as the stock markets are closed today.
This could mean we see a relatively weak break above and then retest before pushing higher. So another good trading opportunity could be to wait for a break and retest of this zone.
I say 40% chance this trade is successful.
There is a fair chance the market backfills the imbalance lower down first and this would be another opportunity to enter.
Disclaimer
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.
Disclaimer
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.