Andrewcx

The bears appear

Short
BITSTAMP:XRPUSD   XRP / U.S. Dollar
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1
The first trend line (blue) has been broken. If the second (red) trend line will be broken, I personally will look for buying opportunities in the bottom area, between $ 0.15-0.18. In that area there are many SLs that will be. It is not impossible for the price to fall even below $0.15.
This is my opinion, not an investment tip.

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Amazing stuff, love the chart my guy
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Andrewcx Investroyllc
@Investroyllc Thank you for you comment! 🙂
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Not dropping under 0.17$ and if so, then it will be bearish and dropping more -> 0.00xxx

0.17$ is final SL.
i know, u hope cheap entry. but you dont know how important 0.17$ SL is?
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Andrewcx FlowersFor
@FlowersFor We all want a cheaper entry, but the purpose of this post was to present a possible scenario. Why can't it go below $ 0.17 and then go up? I understand that $0.17 is a strong support, but s&r are areas, not lines. That's why I said, in that area of ​​0.15-0.17 there are many sell orders and SLs, the area that will be touched by Market makers to activate orders and remove as many buy orders from the market, this is the place goal, that's what Market makers do.
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