RIPPLE - Pullback & Downtrend (Reversal)

The price of Ripple (XRP) broke a strong trend line and is now reversing.
I'm expecting the price to pullback to our Key Zone from where the downtrend will continue.
We will consider to open a short position after the pullback is completed.

There are two possible entries according to the Fibonacci Retracement levels.
A pullback to 0.382 followed by a rejection could lead to a strong continuation of the downtrend.
A pullback to 0.5 followed by a rejection could lead to a weaker continuation of the downtrend.
We will match our exits accordingly!

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Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only

Trade aktif:

Short 0.2945