XRP Analysis: Waiting for Movement
The chart illustrates an important global pattern observed on the monthly timeframe.
Primarily, my bias is towards a downward trajectory, driven by a significant area of FVG (imbalance) below that has a magnetic pull on price.
Primarily, my bias is towards a downward trajectory, driven by a significant area of FVG (imbalance) below that has a magnetic pull on price.
One approach involves viewing trades within a triangular space at the corner marked by the blue line, using a clamping effect. However, it is critical to recognize the inherent risk of potential liquidity dumps on both sides.
A more conservative strategy involves aligning trades with the prevailing trend. This entails waiting for the pattern to move beyond its boundaries, allowing it to consolidate with confirmed signals before trading.
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