๐XRP +71% after the false breakout: next targets for the RIPPLE
๐ฅHi friends! Ripple isn't PUMP with other crypto market, because already made +70% on the SEC investigation news. But it's not the end. I think that XRP has better future and will grow higher soon (possibly, after some pullback).
๐ The preconditions to open a long:
๐ฅ false breakout+volume growth because the whales take the sl of the retail traders
๐ฅ squeeze to the value area of $0.47-0.5
๐ฅ bullish BTC
๐ฉ Take a look on the volume indicator. The large amount of XRP was bought at the bottom by the whales.
๐ The local targets for DOGE:
1. $0.56-0.58 - the value area
2. $0.66 - the key level
3. $0.76-0.8 - the value area
โ Why XRP PUMPs so hard? A lot of short traders trying to cover their losses after the PUMP and try to buy XRP back to return this loan to the exchange. So the short traders become the fuel for the growth. As soon as the last short traders are liquidated, the Ripple price will stop rising so much.
๐ฉ Traders, book the profit by parts. This is an important rule of the trading stratedy. Book the profit in time is important as find best entry point.
๐ปFriends, press the "boost"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.
๐ The preconditions to open a long:
๐ฅ false breakout+volume growth because the whales take the sl of the retail traders
๐ฅ squeeze to the value area of $0.47-0.5
๐ฅ bullish BTC
๐ฉ Take a look on the volume indicator. The large amount of XRP was bought at the bottom by the whales.
๐ The local targets for DOGE:
1. $0.56-0.58 - the value area
2. $0.66 - the key level
3. $0.76-0.8 - the value area
โ Why XRP PUMPs so hard? A lot of short traders trying to cover their losses after the PUMP and try to buy XRP back to return this loan to the exchange. So the short traders become the fuel for the growth. As soon as the last short traders are liquidated, the Ripple price will stop rising so much.
๐ฉ Traders, book the profit by parts. This is an important rule of the trading stratedy. Book the profit in time is important as find best entry point.
๐ปFriends, press the "boost"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.
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๐ bit.ly/vip_bikotrading
๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
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