🔥RIPPLE: THE WHALES IS GOING TO TRAP THE TRADERS
Updated
🔥 Hi friends! While we are all waiting for the court decision in the XRP case, Ripple has every chance to grow a little more. But I expect one more dump after this local grow.
As we saw previously, the price falls when returns above the value area (red area). For me, the same trap for long trades may happen in 3-6 days.
📊 TRADING PLAN FOR XRP:
🔥 return above the value area of $0.37-0.39
🔥 false breakout of the value area (the price should return below the area)
🔥 volume growth before the dump. It gives us another precondition to confirm our short idea
🔥 bearish BTC
🚩 If the price starts to consolidate above the value area and test it as the support, I recommend you to be more careful with shorts.
✅ THE MAIN TARGETS FOR XRP:
1. $0.33-0.34 - the value area
2. $0.3-0.31 - the local lows and value area
Traders, do you trade XRP now? Share your trading plans in the comments!
💻Friends, press the "boost"🚀 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.
As we saw previously, the price falls when returns above the value area (red area). For me, the same trap for long trades may happen in 3-6 days.
📊 TRADING PLAN FOR XRP:
🔥 return above the value area of $0.37-0.39
🔥 false breakout of the value area (the price should return below the area)
🔥 volume growth before the dump. It gives us another precondition to confirm our short idea
🔥 bearish BTC
🚩 If the price starts to consolidate above the value area and test it as the support, I recommend you to be more careful with shorts.
✅ THE MAIN TARGETS FOR XRP:
1. $0.33-0.34 - the value area
2. $0.3-0.31 - the local lows and value area
Traders, do you trade XRP now? Share your trading plans in the comments!
💻Friends, press the "boost"🚀 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.
Comment
🔥Hi, friends! XRP reaches our trap zone. Now it's important to look for false breakouts about highs. It will be the right time to open a short and set a short sl above highs.If the price starts to consolidate above highs, it's better to look for longs! Stay tuned!
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