Why? Let's look at the clues:
That gap down (FVG) See that empty space where the price dropped suddenly? That's a Fair Value Gap, and it often acts like a magnet, pulling the price back down to "fill" it. 🧲
Red candles: Those strong red candles show sellers are in control, pushing the price lower.
Bollinger Bands Breakout: The price has burst below the lower Bollinger Band, suggesting a strong move down.
Fibonacci Retracement: Looks like XRP tried to bounce back, but it's struggling below the 38.2% Fibonacci level. That's not a good sign for the bulls!
What's next? 🤔
Keep an eye on that FVG! If XRP drops to fill it, we could see a further decline.
Watch those Fibonacci levels. A break below the 50% level could signal more downside.
Disclaimer: This is just my take on the chart, not financial advice! Always do your own research before making any trading decisions.
XRP #crypto #trading #technicalanalysis #FVG #bearish
That gap down (FVG) See that empty space where the price dropped suddenly? That's a Fair Value Gap, and it often acts like a magnet, pulling the price back down to "fill" it. 🧲
Red candles: Those strong red candles show sellers are in control, pushing the price lower.
Bollinger Bands Breakout: The price has burst below the lower Bollinger Band, suggesting a strong move down.
Fibonacci Retracement: Looks like XRP tried to bounce back, but it's struggling below the 38.2% Fibonacci level. That's not a good sign for the bulls!
What's next? 🤔
Keep an eye on that FVG! If XRP drops to fill it, we could see a further decline.
Watch those Fibonacci levels. A break below the 50% level could signal more downside.
Disclaimer: This is just my take on the chart, not financial advice! Always do your own research before making any trading decisions.
XRP #crypto #trading #technicalanalysis #FVG #bearish手動結束交易
Closed Manually in profit zone, target not reach, sentiment shifted. Waiting to see where my bottom is for long entry, see new idea for current trend information!
註釋
New idea is available for this token. 
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。