🔸Hello traders, today let's review daily price chart for XRPUSD. strong gains recently off the range lows, trading in well-defined price channel with a strong sequence of higher lows / higher highs.
🔸We recently maxed out / triggered overhead resistance at 55 cents so naturally right now pullback in progress expect it to complete and mark yet another higher low at 40 cents.
🔸Recommended strategy bulls: expecting pullback/correction to extend into June 2023, bulls should be ready to buy low near 40 cents, stop loss at prior higher low at 35 cents. TP for this swing trade setup is 65 cents +60% gains from entry price. good luck traders!
🎁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.
t.me/thesyndicate001 💎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
Also on:
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.