XRP has retraced significantly from its highs and our short trade has finally come down into our profit target zone. It took some time but we finally got the move down into our demand zone around $0.44 and this level would need to hold or else the only strong support zone would be the breakout zone around $0.33.
This support zone has so far held up and if we can close the 4H candle above, could be a good spot to re-enter a long scalp position to the next resistance areas.
Stay safe and thanks guys!
This support zone has so far held up and if we can close the 4H candle above, could be a good spot to re-enter a long scalp position to the next resistance areas.
Stay safe and thanks guys!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.