There are a few levels we're watching for XRP. If we continue to push up from here, we'll be looking to sell once more back to the buy zone. If we drop from here, we'll be looking to buy XRP for the long term from our buy zone. It's still unclear which way it will go so its a good idea to have these levels marked out and play what we see based on price action rather than be stuck to one bias.
SHORT Trade Idea:
- Watch for price to come to the sell zones (before it goes to buy zone)
- Once bearish price action appears, draw trendline and monitor it for break
- Entry on break of trendline with stops above
- Targets: The buy zone
BUY Trade Idea (SWING):
- Once price reaches the buy zone, wait for a strong bullish reaction
- enter with stops below the bounce
- Targets: 1, 1.4, 2, HODL the rest
Goodluck and as always trade safe!