What is lost is lost
The main support for XRP has been lost and pullback has been DONE
i dont care about news / pump / dump that CEO trying to do by making HYPE ( the same story repeated on $1-1.5 when he was selling and each day we had news of partnership)
the same support has been lost on 18800K ZONE for BTC so any uptrend would be a PULL BACK to the lost support to collect liquidity
i will short xrp from 0.45 - 0.445 ZONE with target of 0.4 or under - but with reasonable leverage (3x)
*STOP LOSS IS MOST IMPORTANT THING*
TP1: 0.445-0.452 ( i will not long in this market condition )
TP2: 0.43
TP3: 0.41
TP4: 0.39
The main support for XRP has been lost and pullback has been DONE
i dont care about news / pump / dump that CEO trying to do by making HYPE ( the same story repeated on $1-1.5 when he was selling and each day we had news of partnership)
the same support has been lost on 18800K ZONE for BTC so any uptrend would be a PULL BACK to the lost support to collect liquidity
i will short xrp from 0.45 - 0.445 ZONE with target of 0.4 or under - but with reasonable leverage (3x)
*STOP LOSS IS MOST IMPORTANT THING*
TP1: 0.445-0.452 ( i will not long in this market condition )
TP2: 0.43
TP3: 0.41
TP4: 0.39
Note
TO HAVE A BETTER UNDERSTANDING ON WHATS GOING ON ~
Note
TP1 DONE we can go up to 0.46 zone before the BIG drop !
Trade active
Seems the TIME For shorting has been arrived - i would short from 0.451 for the target of 0.438 ATMNote
My last position closed with 4% lossBut in my own idea we are still in a BIG down trend channel from 7th oct and its not a good place to buy xrp atm
Note
Once again we are over bought in 1H - 2H - 4H we can retouch 0.42-0.44 zone by next 72Hours
From my last drawn channel we have a movement between 0.47 ( possible to reach ) to 0.38 ! so do not do OVER LEVEREGE because everything is possible ATM.
Note
A very sharp movement can happen over 0.472 ~ 0.45 zone if we lose 0.45 we can have 0.4 on the table
and in other hand 0.47 can reach us to 0.6 zone
Note
0.47 TOUCHED now we are between it completes+retest the 0.46 and get up to 0.6 or get down to 0.3 ZONE
in my idea all 1-2-3-4-8 Hours RSI are over bought and we gonna have a VERY BIG DROP with in next 2 days
Note
it seems we gonna looooooooose 0.45 support and reach 0.418 !
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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.