xrpusd d1 best level to buy/hold 100% gains

2023年4月11日

🔸Hello traders, today let's review daily price chart for XRPUSD. nice gains recently off the range
lows, however currently price getting overextended and trading near range highs, so overall
risk/reward is shifting in bears favor.

🔸Active trading range is defined by range lows at 35 cents and range highs at 52 cents.
Premium prices at 30/33 cents and 55/60 cents overhead. Limited upside beyond prem prices.
Expecting price to remain stuck in range into June/July 2023. We are stuck in range since June 22.

🔸Recommended strategy bulls: expecting pullback/retest of range lows later in May/June.
Best reload zone for position traders on buy side near 32/34 cents. Initial target bulls is 60 cents
and possible upside extend further towards 75 cents. So this is a buy/hold setup for 100% gains.
Short-term leveraged traders may look to execute shorts from overhead resistance, upside is
capped by 60 cents mid-term this level won't pass.

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2023年4月11日

註釋

upside is capped by 60 cents, I don't expect a breakout until\
the XRP/SEC case is settled. which is not likely until August/September 2023.