XRP trap the retailers and break the bullish wedge down. This is a common thing on the crypto market🔥 The patterns doesn`t work as it shown in the books and we can use✅it to open our trades.
In this idea i help you to find the entry point and show you the advanced tools for trading.
🚩Now the price of Ripple reach the massive value area of $0.31-0.35 which is support for the XRP. We have to expect the pullback from this value area after the relow (making lower low).
Preconditions to open a long:
🔥re-low after the pullback - the whales activate the sl of retailers and collect enough liquidity for their longs
🔥the volume growth - confirmation ✅ of the whales` huge purchases
🔥squeeze to the trendline
🔥bullish BTC help reach the targets for XRP
The combination of volume growth and and trendline breakout is the most profitable strategy which i use. Use the links below the idea to find more info about this free strategy.
The targets:
1️⃣ $0.38 - key level
2️⃣ $0.39-0.40 - value area
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.