SHARP DROP INCOMING FOR XRP BY TODAY !
Updated
First of all if you using ANY KIND of leverage u need stop loss of 0.465 (can fake out up to 0.472 zone) & is the most important thing in such trades
in my idea we are in a down-trend which will lead us to 0.43~0.41 zone by today and everything will be cleared by TODAY !
also consider the best place to LONG xrp is over 0.475 zone which will invalidate my SHORT idea easily !
long story short:
* we have touched the DOWN of channel near 6 times and there will not be any <8> for it
**xrp have to rise up from 0.475 channel or go under 0.44 by today - RSI is OVER BOUGHT in hourly/30min/2H/4H
***The daily support has been lost and we are retesting 0.465 zone
**** market is TOTALLY unpredictable and there are companies with over B $ in loss with top traders in their team so do not risk more than 10% of your money
***** do not invest your money based on cartoon/ sec situation / ... it can simply NOT HAPPEN OR HAPPEN
TP1: 0.464 (personally would not take the long)
TP2: 0.449
TP3: 0.43
TP4: 0.413
TP5: 0.394 ( personally would buy ALL - IN if we touch this area )
in my idea we are in a down-trend which will lead us to 0.43~0.41 zone by today and everything will be cleared by TODAY !
also consider the best place to LONG xrp is over 0.475 zone which will invalidate my SHORT idea easily !
long story short:
* we have touched the DOWN of channel near 6 times and there will not be any <8> for it
**xrp have to rise up from 0.475 channel or go under 0.44 by today - RSI is OVER BOUGHT in hourly/30min/2H/4H
***The daily support has been lost and we are retesting 0.465 zone
**** market is TOTALLY unpredictable and there are companies with over B $ in loss with top traders in their team so do not risk more than 10% of your money
***** do not invest your money based on cartoon/ sec situation / ... it can simply NOT HAPPEN OR HAPPEN
TP1: 0.464 (personally would not take the long)
TP2: 0.449
TP3: 0.43
TP4: 0.413
TP5: 0.394 ( personally would buy ALL - IN if we touch this area )
Note
TP1 is done.Now we should wait for breaking up or down
Note
Critical point . Under 0.45 sharp drop comingNote
TP2 done guys.Note
TP3 doneWaiting for 0.39
Note
We will close position for now and re open in 0.45 zoneIf it doesnt touch the 45 you can short in 44 zone with money management rules
Trade closed: target reached
There is a little chance for XRP that re-touch 0.46 zone before the 0.39 i will close this idea for now and see the market condition ( do not trade on sat-sun)
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.