Scenario 1: Long (blue arrow) 1. Falling under 50% of the Range 2. Reclaiming the 50% level 3. Buy on a retest of it.
Target: Top of the range
Scenario 2. Short (yellow arrow) 1. Price falling under 50% level 2. Generating Lower Swing 3. Rebuy on the level after breakdown
Target: Bottom of the range
I posted the last days two other ideas to XRP dont confuse them and watch timeframes and scenarios.
Dont forget: - Watch your Risk management - DYOR (Do-Your-Own-Research) - This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading! trader_se
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Interesting reaction of the 50% level
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Lets see if it can reclaim the 0.5 Fib level - if not prob have to close the position and the second scenario could come into play.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.