XRPUSDT is creating a bullflag ๐ฆ
์
๋ฐ์ดํธ๋จ
the price got a rejection from the monthly resistance on 0.91$ after a bullish impulse.
After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level
On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$
how to approach?
I'm monitoring the price, I'd like to see a clear breakout from the bullflag.
After the breakout I could see a rejection from the 0.78$, it's a monthly one.
If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward.
โโโโ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level
On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$
how to approach?
I'm monitoring the price, I'd like to see a clear breakout from the bullflag.
After the breakout I could see a rejection from the 0.78$, it's a monthly one.
If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward.
โโโโ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
์ฝ๋ฉํธ
The price got a rejection exactly from the monthly resistance on 0.77$Wait for the breakout
์ฝ๋ฉํธ
The price got a rejection exactly from our Monthly structure.We need to have a breakout from it to applying our rules for a new long position.
์ฝ๋ฉํธ
The price is testing the monthly again! ๐
์ฝ๋ฉํธ
After the breakout from the monthly resistance (due to the news), the price is testing the supply zone on 0.8$.The price could retest monthly for new liquidity and new bullish impulse
๊ด๋ จ ๋ฐํ๋ฌผ
๋ฉด์ฑ ์ฌํญ
์ด ์ ๋ณด์ ๊ฒ์๋ฌผ์ TradingView์์ ์ ๊ณตํ๊ฑฐ๋ ๋ณด์ฆํ๋ ๊ธ์ต, ํฌ์, ๊ฑฐ๋ ๋๋ ๊ธฐํ ์ ํ์ ์กฐ์ธ์ด๋ ๊ถ๊ณ ์ฌํญ์ ์๋ฏธํ๊ฑฐ๋ ๊ตฌ์ฑํ์ง ์์ต๋๋ค. ์์ธํ ๋ด์ฉ์ ์ด์ฉ ์ฝ๊ด์ ์ฐธ๊ณ ํ์ธ์.