XRP trap the retailers and break the bullish wedge down. This is a common thing on the crypto market๐ฅ The patterns doesn`t work as it shown in the books and we can useโ it to open our trades.
In this idea i help you to find the entry point and show you the advanced tools for trading.
๐ฉNow 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: ๐ฅre-low after the pullback - the whales activate the sl of retailers and collect enough liquidity for their longs ๐ฅthe volume growth - confirmation โ of the whales` huge purchases ๐ฅsqueeze to the trendline ๐ฅbullish 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: 1๏ธโฃ $0.38 - key level 2๏ธโฃ $0.39-0.40 - value area
๐ปFriends, press the "like"๐ 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.