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scottmcscran
Jan 25, 2023 1:59 PM

(XRP) Could catch a falling knife with this beautiful confluence Long

XRPUSDT Perpetual ContractBybit

Description

If this local potential bear flag plays out exactly to the dollar on a resistance that is a directly on a trend line, a daily S/R level and some fib levels with market cipher b showing 1 hour divs and lower timeframes showing clear bullish divs as price hits the level it could make for a nice trade as XRP clearly likes to drop quickly and come back up.
Comments
SwallowPremium
Great idea! What entry point can you recommend us here?
scottmcscran
@SwallowPremium, I was looking for 0.3783 with the stop loss under the previous low. But the bear flag has since been invalidated though the level is still relevant it could just take a longer to get there.
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