It's Dip Buying Season, So Where's My Dip?
Ripple’s recent surge has been a sight to behold. However, as a contrarian at heart, I prefer to buy the dip rather than chase green candles. While the bullish trend is clear, I’m patiently waiting for a pullback to accumulate more XRP at a more favorable price.
Looking at the one-hour chart, it’s evident that there’s significant selling pressure around the $2 mark. Additionally, the divergence between price and volume is a concerning sign. While the price continues to rise, the trading volume has been declining, suggesting a potential loss of buying momentum. This could indicate a weakening of the uptrend and a potential pullback.
Ideally, I’ll like to see the RSI cool off while still keeping its bullish momentum.
Looking at the one-hour chart, it’s evident that there’s significant selling pressure around the $2 mark. Additionally, the divergence between price and volume is a concerning sign. While the price continues to rise, the trading volume has been declining, suggesting a potential loss of buying momentum. This could indicate a weakening of the uptrend and a potential pullback.
Ideally, I’ll like to see the RSI cool off while still keeping its bullish momentum.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.