Hi friends! The court's upcoming decision on the Ripple (XRP) case has pumped up the price.
XRP make +25% in a few days. I recommended you to open a long trade on XRP. Congrats to everyone who follow this idea. Check it!
I expect such triangle breakout for all the altcoins but this possible only if BTC starts it`s growth.
🚩 Todays FOMC is the most important day for crypto for the next month! If the rate growth to 0.75% i expect the growth for the crypto. The rise for 1% have the bad affect for the crypto price and i`ll try to find the best entry point to short.
📊 When you can open a long? Follow this preconditions: 🔥 consolidation below the strong $0.4-0.41 value area 🔥 volume growth before the breakout 🔥 the whales buy limits tracked by DOM and Footprint trading tools
✅ The target is the $0.5 key area according to the classical technical analysis. $0.5 level is important psychological area too so the the pullback here is highly expected. I recomend you to book some profit when the price reach this level.
📊 Preconditions to open a short trade 🔥 the volume growth after the pump. As you can see there are huge volumes bars on the indicators which means someone sell o lot of xrp tockens. It`s good for short trade. 🔥 false breakout (liquidity collection) of the local high $0.424 🔥 DOM and Footprint sell limit orders by the whales. DOM and Footprint help me to identify the whales who want to sell and open a trade with them. Short stop loss and hugh RR is expected as always.
✅ The targets is the UPPER BOUNDARY of the huge triangle - $0.35-0.37 area.
🚩 DOM and Footprint are the tools that helps me to identify the big BUY and SELL limit orders of the whales. Especially it helps to open a profitable trade on such false breakouts, when i see the huge limit wall above or below the key levels.
💻Friends, press the "boost"🚀 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.