XRP weekly update 0.4145 $ - 0.3145
Updated
since we are on a correction phase (for downside ) all buys will be risky , if any long position is openned it should be managed on small time frames , target would be 0.4145 $ everything above will be bonus (dangerous , red lights on ! )
at 0.4145 $ area short positions will get more intresting , because the drop can go all the way down to break the low at the 0.3145 $ , and again everything less than that is bonus , and should be managed , and stop loss moved or take profit
magical the range is sudeently between 0.4145 and 0.3145 $ ( 25% of the price )
the good news are , we are waiting for a big move upside , soon not today not tomorrow , we will see what will happen when this structure is over , ... anything can happen
don't forget , we don't impose to the market what it should give us as a structure , but we trade what we see ( if it's up it's up if it's down it's down , no emotion , no fomo )
good luck
if you have any major crypto that you want me to analyse , just put that on a comment and i will try my best
PS : do not copy this is not a financial advice , trade carfully
at 0.4145 $ area short positions will get more intresting , because the drop can go all the way down to break the low at the 0.3145 $ , and again everything less than that is bonus , and should be managed , and stop loss moved or take profit
magical the range is sudeently between 0.4145 and 0.3145 $ ( 25% of the price )
the good news are , we are waiting for a big move upside , soon not today not tomorrow , we will see what will happen when this structure is over , ... anything can happen
don't forget , we don't impose to the market what it should give us as a structure , but we trade what we see ( if it's up it's up if it's down it's down , no emotion , no fomo )
good luck
if you have any major crypto that you want me to analyse , just put that on a comment and i will try my best
PS : do not copy this is not a financial advice , trade carfully
Note
Piece of advice :Price at 0.363 $ area ..
We shouldn't keep in mind the possibility that the price just drop more and break the low and invaliding the structure ( this scenario happens too)
If you wanna take a long you should wait for confirmation and protect your position with stop loss , once prince moves up you move stop loss to entry point and leave it
If price stay in the 0.36 area and range for long time just close the position with small loss or break even because it can drop once more ...
If you feel confused just let it finish it's correction we will look for better opportunities after wE break the low 0.3145 area
Complicated structure , trade carefully
Note
0.3585 forget about going up , as it is right now we have high chance to drop more , all long positions could be high risk we see at 0.315$
Trade closed: target reached
Target reachedNow we have to be patient and see how the structure will develop
It can correct and keep going up , and it can retest the 0.55$
All possibilities exist , no fomo no fud
Trade carefully
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