XRP/USDT Strong Move Ahead
Just like the BTC pair, XRP/USDT is preparing for a strong move either way. One can clearly see the wedge that has been formed over the last few weeks. All depends now on where the wedge will be broken.
In order to trade safely, don't trade on the immediate wedge break. To go long, wait till the bar (preferably higher time frame) has closed above the bullish confirmation line. To short, look at the bearish confirmation line.
Consider the Support and Resistance areas as possible points of reversal. Place your TP/SP accordingly.
In order to trade safely, don't trade on the immediate wedge break. To go long, wait till the bar (preferably higher time frame) has closed above the bullish confirmation line. To short, look at the bearish confirmation line.
Consider the Support and Resistance areas as possible points of reversal. Place your TP/SP accordingly.
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