🔥Hi friends! Ripple is make a pullback to the closest value area of $0.27-0.34, where a lot of whales accumulate it's long trades. Price made a rebound by +25%.
Seems like a lot of traders got the liquidations and sell their crypto in loss. But 30-40 min ago was released the news about the $10-50B loan of Alameda (FTX fund).
🚩 Also the CEO of Binance CZ made a statement before: this crisis in the crypto industry is similar to the financial crisis of 2008. Crisis could lead to the collapse of a number of companies in the coming weeks.
SO we should expect the HIGH VOLATILITY AT THE MARKET AND GREAT OPPORTUNITIES FOR TRADERS.
✅ TRADING PLAN FOR XRP I show you 2 trading plans that allow you to make a profit no matter whether the price is falling or rising.
SHORT PLAN 📊 The main preconditions to open a short: 🔥 close below the key level of $0.31 🔥 test this level as the resistance 🔥 huge sell orders during the test. I prefer to use DOM and Footprint to identify the real whales orders, but you can use simple volumes at the exchange
✅ The targets for short: 1. $0.27 - the lower boundary of closest value area 2. $0.22-0.24 - the next value area
LONG PLAN 📊 The main preconditions to open a long: 🔥 squeeze to the local trendline (you can identify it on lower tomeframes such as 1-4h) 🔥 false breakout before it and return od XRP to the trendline will give you fdittional confirmation that bulls support the price 🔥 huge volumes/buy order to buy on sclaping indicators such DOM and Footprint, which help you to identify the biggest one
✅ The targets for short: 1. $0.42 - the mirror level 2. $0.51 - the key level and strong resistance 3. $0.56 - the key level and local highs
🚩 I recommend you to book the profit partly, because in any case the market can make a rebound and you don't get the profit at all.
📊 I think this weekends will be "EXTREMELY FUN", so stay tuned and remember about risk management❗
What do you think the next crypro market and RIPPLE movement? Is it 12k or 20k for BTC soon? Write your thoughts in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade!