XRP: is there still a chance to BUY? Read the description!
Ripple(XRP) is sill waiting for x100 PUMP but in this idea we are going to talk about technical analysis for 4h timeframe and additional chance to open the trade!
If you miss a chance to take a LONG, you need to wait for the better opportunity. There are pullbacks, false breakouts, liquidity collections or test of massive support zone.
At the moment the support is $0,69-0,71 value zone. There are global trendline and $0,7265 key level. These 3 instruments can stop price at this levels. Additionl whales indicator is a Volume. Volume should grow significantly after such massive liquidations.
The second scenario is false breakout of the local trendline. After this it have to be volume growth. This will be second chance to open a trade with good risk to reward (RR).
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
If you miss a chance to take a LONG, you need to wait for the better opportunity. There are pullbacks, false breakouts, liquidity collections or test of massive support zone.
At the moment the support is $0,69-0,71 value zone. There are global trendline and $0,7265 key level. These 3 instruments can stop price at this levels. Additionl whales indicator is a Volume. Volume should grow significantly after such massive liquidations.
The second scenario is false breakout of the local trendline. After this it have to be volume growth. This will be second chance to open a trade with good risk to reward (RR).
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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