Next +12% for XRP! The targets after pullback.
Hi friends! In 2 trades in a row Ripple gave +28% on shorts and +12% on longs. It's no a secret that I use the breakout and false-breakout trendline strategy and its use gives such results.
If you want to learn how to use this strategy, watch this video on my channel with a detailed description of how to break through trend lines.
Ripple is now copying Bitcoin and falling even harder than the major crypto. XRP has fallen almost to its lows.
There are VERY many stop-losses of long traders below the key level of $0.2936. A false breakout of that level would give enough liquidity for the whales to take their long positions. We want to be with them, don't we?
Here are the prerequisites for opening a long:
🔥false breakout of the key level of $0.2936, under which stop-losses of long traders are located
🔥volume growth as shown in the example. This will show us the desire of a big player to buy Ripple.
🔥a squeeze under the trend line
🔥Bitcoin growth will help altcoins grow faster and our position will reach take profit
The targets are the closest value area:
🔸 $0.36-0.37
🔸 $0.38-0.41
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
If you want to learn how to use this strategy, watch this video on my channel with a detailed description of how to break through trend lines.
Ripple is now copying Bitcoin and falling even harder than the major crypto. XRP has fallen almost to its lows.
There are VERY many stop-losses of long traders below the key level of $0.2936. A false breakout of that level would give enough liquidity for the whales to take their long positions. We want to be with them, don't we?
Here are the prerequisites for opening a long:
🔥false breakout of the key level of $0.2936, under which stop-losses of long traders are located
🔥volume growth as shown in the example. This will show us the desire of a big player to buy Ripple.
🔥a squeeze under the trend line
🔥Bitcoin growth will help altcoins grow faster and our position will reach take profit
The targets are the closest value area:
🔸 $0.36-0.37
🔸 $0.38-0.41
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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