XRPLong
xrpusd d1 best level to buy/hold 100% gains
Updated
🔸Hello traders, today let's review daily price chart for XRPUSD. nice gains recently off the range
lows, however currently price getting overextended and trading near range highs, so overall
risk/reward is shifting in bears favor.
🔸Active trading range is defined by range lows at 35 cents and range highs at 52 cents.
Premium prices at 30/33 cents and 55/60 cents overhead. Limited upside beyond prem prices.
Expecting price to remain stuck in range into June/July 2023. We are stuck in range since June 22.
🔸Recommended strategy bulls: expecting pullback/retest of range lows later in May/June.
Best reload zone for position traders on buy side near 32/34 cents. Initial target bulls is 60 cents
and possible upside extend further towards 75 cents. So this is a buy/hold setup for 100% gains.
Short-term leveraged traders may look to execute shorts from overhead resistance, upside is
capped by 60 cents mid-term this level won't pass.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
lows, however currently price getting overextended and trading near range highs, so overall
risk/reward is shifting in bears favor.
🔸Active trading range is defined by range lows at 35 cents and range highs at 52 cents.
Premium prices at 30/33 cents and 55/60 cents overhead. Limited upside beyond prem prices.
Expecting price to remain stuck in range into June/July 2023. We are stuck in range since June 22.
🔸Recommended strategy bulls: expecting pullback/retest of range lows later in May/June.
Best reload zone for position traders on buy side near 32/34 cents. Initial target bulls is 60 cents
and possible upside extend further towards 75 cents. So this is a buy/hold setup for 100% gains.
Short-term leveraged traders may look to execute shorts from overhead resistance, upside is
capped by 60 cents mid-term this level won't pass.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
upside is capped by 60 cents, I don't expect a breakout until\the XRP/SEC case is settled. which is not likely until August/September 2023.
t.me/thesyndicate001
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💎solana meme coin algo based
⚡️signals based on whale activity
📕and trading course for 10x-25x
🚀supercharge your trading
🏧to the next level join us today
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