XRP In a Bearish Channel Time to Go Short
Updated
XRP BTC is in a longterm down trend/ correction from its incredible run up in the first quarter. It is now a good short opportunity with a stop loss placed just above the resistance level of the channel and your take profit near the support zone. Fibonacci levels also indicated that there has been a retracement of 61.8% and the price is currently at a 50% retracement level indicating the bearish trend will likely continue.
Good Luck!
If you wanna help me out, Feel free! I know I am. 16XBjRPzStH3FANCsWmUGBGALVpQ9RkPhE
and some jams to trade too: https://www.youtube.com/watch?v=cbbMvvKOf5Q
Good Luck!
If you wanna help me out, Feel free! I know I am. 16XBjRPzStH3FANCsWmUGBGALVpQ9RkPhE
and some jams to trade too: https://www.youtube.com/watch?v=cbbMvvKOf5Q
Note
Volume Profiles on the daily chart for some of you who like to see volume's role in price action.
Trade closed: target reached
Another great trade! Hope you caught that one with me!
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