After breaking through an important price zone 0.49-0495, buyers passed the test of sellers. And now, Ripple can be taken in the long with a short stop ($ 0.483, the first goal is 0.54 - 0.55).
Note
this trade does not mean that I believe in the end of the down trend
Trade closed: stop reached
Note
Still the buyers did not hold 0.49-0.495. However, I do not regret this trade because I primarily trade risks.
Then I watch the price range 0.49-0.495. If buyers keep it - goes to 0.47-0.472. If they do not hold - then see 0.54-0.55
Note
the last 12 hour candle closed more in favor of buyers. was a flawed breakthrough. Therefore, I keep my main target of 0.54. intermediate goal - 0.5 channel midway
Order cancelled
fixed a small profit of $ 0.5. very big resistance from sellers. Also, the picture with marginal long BTC watches is alarming. At the height of the BTC, marginal lows are falling, which suggests a profit fixation.Note
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.