š„-35% OR +35%: the main trading plan for RIPPLEā
š„Hi friends! Ripple is make a pullback to the closest value area of $0.27-0.34, where a lot of whales accumulate it's long trades. Price made a rebound by +25%.
Seems like a lot of traders got the liquidations and sell their crypto in loss. But 30-40 min ago was released the news about the $10-50B loan of Alameda (FTX fund).
š© Also the CEO of Binance CZ made a statement before: this crisis in the crypto industry is similar to the financial crisis of 2008. Crisis could lead to the collapse of a number of companies in the coming weeks.
SO we should expect the HIGH VOLATILITY AT THE MARKET AND GREAT OPPORTUNITIES FOR TRADERS.
ā TRADING PLAN FOR XRP
I show you 2 trading plans that allow you to make a profit no matter whether the price is falling or rising.
SHORT PLAN
š The main preconditions to open a short:
š„ close below the key level of $0.31
š„ test this level as the resistance
š„ huge sell orders during the test. I prefer to use DOM and Footprint to identify the real whales orders, but you can use simple volumes at the exchange
ā The targets for short:
1. $0.27 - the lower boundary of closest value area
2. $0.22-0.24 - the next value area
LONG PLAN
š The main preconditions to open a long:
š„ squeeze to the local trendline (you can identify it on lower tomeframes such as 1-4h)
š„ false breakout before it and return od XRP to the trendline will give you fdittional confirmation that bulls support the price
š„ huge volumes/buy order to buy on sclaping indicators such DOM and Footprint, which help you to identify the biggest one
ā The targets for short:
1. $0.42 - the mirror level
2. $0.51 - the key level and strong resistance
3. $0.56 - the key level and local highs
š© I recommend you to book the profit partly, because in any case the market can make a rebound and you don't get the profit at all.
š I think this weekends will be "EXTREMELY FUN", so stay tuned and remember about risk managementā
What do you think the next crypro market and RIPPLE movement? Is it 12k or 20k for BTC soon? Write your thoughts in the comments!
š»Friends, press the "boost"š 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!
Seems like a lot of traders got the liquidations and sell their crypto in loss. But 30-40 min ago was released the news about the $10-50B loan of Alameda (FTX fund).
š© Also the CEO of Binance CZ made a statement before: this crisis in the crypto industry is similar to the financial crisis of 2008. Crisis could lead to the collapse of a number of companies in the coming weeks.
SO we should expect the HIGH VOLATILITY AT THE MARKET AND GREAT OPPORTUNITIES FOR TRADERS.
ā TRADING PLAN FOR XRP
I show you 2 trading plans that allow you to make a profit no matter whether the price is falling or rising.
SHORT PLAN
š The main preconditions to open a short:
š„ close below the key level of $0.31
š„ test this level as the resistance
š„ huge sell orders during the test. I prefer to use DOM and Footprint to identify the real whales orders, but you can use simple volumes at the exchange
ā The targets for short:
1. $0.27 - the lower boundary of closest value area
2. $0.22-0.24 - the next value area
LONG PLAN
š The main preconditions to open a long:
š„ squeeze to the local trendline (you can identify it on lower tomeframes such as 1-4h)
š„ false breakout before it and return od XRP to the trendline will give you fdittional confirmation that bulls support the price
š„ huge volumes/buy order to buy on sclaping indicators such DOM and Footprint, which help you to identify the biggest one
ā The targets for short:
1. $0.42 - the mirror level
2. $0.51 - the key level and strong resistance
3. $0.56 - the key level and local highs
š© I recommend you to book the profit partly, because in any case the market can make a rebound and you don't get the profit at all.
š I think this weekends will be "EXTREMELY FUN", so stay tuned and remember about risk managementā
What do you think the next crypro market and RIPPLE movement? Is it 12k or 20k for BTC soon? Write your thoughts in the comments!
š»Friends, press the "boost"š 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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