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mehranafshar
Apr 3, 2024 2:01 PM

XRPUSD 1W Long

XRP / US DollarBinance

Description

This channel is valid for Ripple and the price may fluctuate in this channel
We are now near the bottom support of the channel and the best time to buy and our target is $6
If the weekly candle closes below 0.38, you should exit this currency

Comment

As predicted, the price reached the support range

Now is the time to buy
Do not let the opportunity slip

Comment

So far everything is going well and according to the analysis
Comments
MyCryptoParadise_Simon
The exit strategy at a weekly candle close below 0.38 seems prudent. How did you determine this specific threshold for exiting?
mehranafshar
@MyCryptoParadise_Simon, The most important support identified on this chart is $0.40
Therefore, the price may decrease to 0.39 for the fear of more holders
We have to be careful not to get caught by the whales and also have a good exit zone in mind
MyCryptoParadise_Simon
@mehranafshar, That's a solid strategy. Thank you for sharing your point of view but I think it will fall further. Let's see how this turns out
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