XRP / TetherUS
Короткая
Обновлено

XRPUSDT - CORRECTION WITHIN BULLISH TREND?

Symbol - XRPUSDT

Yesterday evening, XRPUSDT retraced the previous decline but encountered significant resistance, which defines the upper boundary of the descending channel. This may lead to a potential correction. Following a notable upward movement, XRP is now entering a corrective phase, which is occurring within a descending channel or flag pattern. The nature of this pattern suggests a continuation of the prevailing trend, with the broader market trend remaining bullish.

From a technical perspective, a false breakout of resistance and a subsequent correction are plausible, with a potential pullback to the 3000 level before the market begins to develop the momentum for a breakout of the channel’s resistance, thus facilitating further upward movement.

Key support levels: 3000, 2900
Key resistance levels: 3145, 3200

The liquidity zone between 3145 and 3200 may initially prevent the price from breaking higher. In the short term, I anticipate a false breakout followed by a correction to the targets outlined in the chart.
Сделка активна
The XRPUSDT pair has corrected by 4% following my entry. The price is currently retracing, indicating the formation of lower highs. I am holding the short position with stop-loss at 3.2500
Заметка
Holding Short position with CTC SL now.
Заметка
CMP 2.9600

-6% from my short level as of now.
Сделка закрыта: достигнута тейк-профит цена
CMP 2.2750

Made low of 1.7711 & declined -43% from my short level.
All targets reached.

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