We have so many resistance from up ahead, and the only couple supports from down.
There is a problem that big whale or even RIPLE management funding this price drop, as we see that constant sell-off coming again and again.
If we check lower TF like 5 min or even 1 min, we will see that the market manipulated by high trading bots.
What I see does not make me happy, as it means we may dive down with massive strength.
Why long, because there is a tight SL, we still keep a channel low TF uptrend.
Who does not have a position, wait for confirmation of bounce and enter with a tight SL.
I have a theory that this time will not be any of pumps and all will go slow upward as it was with Bitcoin. ANy resistance level breach and we keep going slowly and painfully, to throw out all passengers who enter on a short pump rocket.
There is a problem that big whale or even RIPLE management funding this price drop, as we see that constant sell-off coming again and again.
If we check lower TF like 5 min or even 1 min, we will see that the market manipulated by high trading bots.
What I see does not make me happy, as it means we may dive down with massive strength.
Why long, because there is a tight SL, we still keep a channel low TF uptrend.
Who does not have a position, wait for confirmation of bounce and enter with a tight SL.
I have a theory that this time will not be any of pumps and all will go slow upward as it was with Bitcoin. ANy resistance level breach and we keep going slowly and painfully, to throw out all passengers who enter on a short pump rocket.