XRP Long watch
I was looking at $0.55 as a potential level that could initiate the bounce. I don’t not have an area that would give a tight enough stop loss so I didn’t teak the long.
Im assuming a lot of people are looking to short this rally but im not so sure. Im still hunting a long but something that won’t require a 4% stop loss. The good thing is we’re still trading below the weekly open. An entry that’s below the open would be good enough for me.
I will probably long this when it comes back to the levels I’ve been giving out.
If you recall, last week I mentioned I would like to see a dump that would convince retail that sentiment has shifted lower, and that’s when the market will probably turn bullish.
The targets I have on XRP are ridiculous but know XRP they’re probably conservative.
This could be the move that takes price above ATH. If this move plays out the way I think is is then we could see a potential $4.20-$5.50 XRP based on the weekly chart. Right now it might not seem possible but consider this, in the previous bear market it took 700 days for XRP to fill in one monthly candle from the 2017 bull run.
I can not properly explain this on this platform but it gives an idea of my attitude when it comes to XRP.
Back to current price, Price is trapped in between level I marked out. This is probably the best area to catch a long from. Depending on how it reacts to any of the 3 levels on the lower timeframe I will long.
As always I will post my entry when it happens.
Im assuming a lot of people are looking to short this rally but im not so sure. Im still hunting a long but something that won’t require a 4% stop loss. The good thing is we’re still trading below the weekly open. An entry that’s below the open would be good enough for me.
I will probably long this when it comes back to the levels I’ve been giving out.
If you recall, last week I mentioned I would like to see a dump that would convince retail that sentiment has shifted lower, and that’s when the market will probably turn bullish.
The targets I have on XRP are ridiculous but know XRP they’re probably conservative.
This could be the move that takes price above ATH. If this move plays out the way I think is is then we could see a potential $4.20-$5.50 XRP based on the weekly chart. Right now it might not seem possible but consider this, in the previous bear market it took 700 days for XRP to fill in one monthly candle from the 2017 bull run.
I can not properly explain this on this platform but it gives an idea of my attitude when it comes to XRP.
Back to current price, Price is trapped in between level I marked out. This is probably the best area to catch a long from. Depending on how it reacts to any of the 3 levels on the lower timeframe I will long.
As always I will post my entry when it happens.
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