Looking at the daily, xrp failed to break lower, tested the trendline and bought back up. Now forming a reversal candle to the downside on the daily to trap shorters. If we stay above the white horizontal line. We will go up to test the top of the channel. Shorters be carefull.
Comment:
We gave the shorters a little hope, but it made a fakeout to the downside. Buyers stepping in to move the price higher.
We gave the shorters a little hope, but it made a fakeout to the downside. Buyers stepping in to move the price higher.
Trade active:
When the daily closes below the white line, it's game over for the bulls and I will close the trade.
See here, a fake out to trap the shorters. Ready for the next pump.