Here we have XRP on the Daily timeframe.
We have been in consolidation since September after we seen a impulse move up from the Weekly Demand zone after it was mitigated.
Above and below this consolidation range we can see liquidity being generated. Although we have seen some bullish price action on the Daily timeframe breaking sub structure we still remain bearish on the HTF like the weekly.
I am not convinced we are ready for a bull run yet and i will be looking for short positions at the unmitigated Daily Supply zone down the the refined Daily Demand zone inside the Weekly Demand.
*Risk management is key*
We have been in consolidation since September after we seen a impulse move up from the Weekly Demand zone after it was mitigated.
Above and below this consolidation range we can see liquidity being generated. Although we have seen some bullish price action on the Daily timeframe breaking sub structure we still remain bearish on the HTF like the weekly.
I am not convinced we are ready for a bull run yet and i will be looking for short positions at the unmitigated Daily Supply zone down the the refined Daily Demand zone inside the Weekly Demand.
*Risk management is key*