Short

XRP/USDT : Two supports about to break!

Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

has formed a symmetrical triangle in daily TF and now it's about to break below the lower trendline.
Also, we have a support zone located here which has acted as a Demand zone recently and now;
Both are following the fifth breakout attempt rule, And it can be our opportunity to locate our Short below the mentioned levels.

In terms of that, There'll be two possible scenarios to take Short on :
- Take Short on a proper retest of the broken trendline ( Symmetrical Triangle's lower ).
- Take Short on a proper retest of the broken Support zone ( suggested ).

So Based on data we have, The Trading setup should be like this
Trading setup :
🔻 Entry Pointes : $0.5600 - $0.5400 - $0.5200
📍Targets : $0.4700 - $0.4100 - $0.3260 - $0.2055
🟥 Overall stop-loss : $0.6000 ( Active management )

Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.

Have a good day!
Helical_Trades

Helical_Trades

🔴 Don't forget to join our channels for FREE Premium stuffs !

TELEGRAM :
t.me/Helical_Trades

Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/

Also on:

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.