A couple of days ago there was a huge drop and liquidation in the market. XRP fell 70% from its all-time high. From its November high, the price has corrected by 55%.
This is a huge drop. The market has cleared a lot of leverage and received fuel in the form of liquidations, you can see this in the huge volume below.
It is also worth noting that the price has approached liquidity levels.
A trend line has formed on the chart and if it breaks, there could be a good buying opportunity. Also in case of a false breakout of the levels of $0.6 and $0.5$, there might be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
This is a huge drop. The market has cleared a lot of leverage and received fuel in the form of liquidations, you can see this in the huge volume below.
It is also worth noting that the price has approached liquidity levels.
A trend line has formed on the chart and if it breaks, there could be a good buying opportunity. Also in case of a false breakout of the levels of $0.6 and $0.5$, there might be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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