XRPUSD LONG the pullback at pivot zone
XRP is looking ripe for a long-term buy here.
We've seen destruction in this market over the last few weeks, and XRP has fallen to its 2 month 4 Hour pivot zone of control ($0.85/0.80).
With another 4 hour bounce off of this zone, I'm feeling confident we can make the push to the next levels and finish out this bull cycle into September.
Buying between 0.83 and 0.90
Targets I will be taking profit at and looking to add more at once confirmed support:
Target 1: $1.2212
Target 2: $1.5910
Target 3: $1.9050
This analysis will be invalidated with two 4 Hour candle closes below $0.70
We've seen destruction in this market over the last few weeks, and XRP has fallen to its 2 month 4 Hour pivot zone of control ($0.85/0.80).
With another 4 hour bounce off of this zone, I'm feeling confident we can make the push to the next levels and finish out this bull cycle into September.
Buying between 0.83 and 0.90
Targets I will be taking profit at and looking to add more at once confirmed support:
Target 1: $1.2212
Target 2: $1.5910
Target 3: $1.9050
This analysis will be invalidated with two 4 Hour candle closes below $0.70
Nota
Pivot point held incredibly!If you followed the parameters, you got yourself some incredible entries over the long weekend!
Time to change the sediment and run this baby to its marked out levels, I will keep you all posted on what we are doing!
Nota
A 4Hour break and close above $1.06 should signal buyers to jump back in. Extremely important level over the next day or so.Nota
If you entered in the parameters given, put stop losses at break even. This is now considered a 100% risk free trade. Lets get those targets!Nota
Exited on small profits, and reentered for the next run. This idea is still valid!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.