Hi friends! The court's upcoming decision on the Ripple (XRP) case has pumped up the price.
XRP make +25% in a few days. I recommended you to open a long trade on XRP. Congrats to everyone who follow this idea. Check it!
I expect such triangle breakout for all the altcoins but this possible only if BTC starts it`s growth.
🚩 Todays FOMC is the most important day for crypto for the next month! If the rate growth to 0.75% i expect the growth for the crypto. The rise for 1% have the bad affect for the crypto price and i`ll try to find the best entry point to short.
📊 When you can open a long? Follow this preconditions: 🔥 consolidation below the strong $0.4-0.41 value area 🔥 volume growth before the breakout 🔥 the whales buy limits tracked by DOM and Footprint trading tools
✅ The target is the $0.5 key area according to the classical technical analysis. $0.5 level is important psychological area too so the the pullback here is highly expected. I recomend you to book some profit when the price reach this level.
📊 Preconditions to open a short trade 🔥 the volume growth after the pump. As you can see there are huge volumes bars on the indicators which means someone sell o lot of xrp tockens. It`s good for short trade. 🔥 false breakout (liquidity collection) of the local high $0.424 🔥 DOM and Footprint sell limit orders by the whales. DOM and Footprint help me to identify the whales who want to sell and open a trade with them. Short stop loss and hugh RR is expected as always.
✅ The targets is the UPPER BOUNDARY of the huge triangle - $0.35-0.37 area.
🚩 DOM and Footprint are the tools that helps me to identify the big BUY and SELL limit orders of the whales. Especially it helps to open a profitable trade on such false breakouts, when i see the huge limit wall above or below the key levels.
💻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.
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.