Simple idea on XRP/USDT - Where to expect a Long Entry
Hi guys,
Here's a very basic idea on where to expect a long entry.
1. XRP/USDT it's currently in a triangle pattern so we have to wait till it breaks the triangle to see where it's really going
2. In the mean while, we can also see a bullish trend line in a small timeframe:
Risky move: Wait till it breaks the trend line, wait for a pullback (WAIT TILL THE CANDLE CLOSES BELLOW THE TREND LINE) and place a sell order. Take profits around the base of the triangle
Safer move: Wait till it gets in the base of the triangle to place a buy order. Take profits around 0.32
Let me know what you think about this idea! :)
Here's a very basic idea on where to expect a long entry.
1. XRP/USDT it's currently in a triangle pattern so we have to wait till it breaks the triangle to see where it's really going
2. In the mean while, we can also see a bullish trend line in a small timeframe:
- What can we do about this?
Risky move: Wait till it breaks the trend line, wait for a pullback (WAIT TILL THE CANDLE CLOSES BELLOW THE TREND LINE) and place a sell order. Take profits around the base of the triangle
Safer move: Wait till it gets in the base of the triangle to place a buy order. Take profits around 0.32
Let me know what you think about this idea! :)
Comment:
We have reached the bottom of the triangle, time to place a BUY order