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XRP trading idea with good R:R
In the last upward move XRP did not hit the long-term resistance (the dotted pink line), now resting at long-term support (the red line @0.455) there is an opportunity to try again.
My trading strategy is to but now aiming for 0.9, expecting some short-term resistance at the top of the downward channel as highlighted by the blue projected bar pattern.
Move would be invalidated if we close below the channel, around 0.38.
Not trading advice, just sharing my thoughts.
My trading strategy is to but now aiming for 0.9, expecting some short-term resistance at the top of the downward channel as highlighted by the blue projected bar pattern.
Move would be invalidated if we close below the channel, around 0.38.
Not trading advice, just sharing my thoughts.
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