XRP - Strong Support Ahead!

לפני 6 ימים

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈XRP has been in a correction phase trading within the falling orange channel and it is currently retesting the lower bound of it.

Moreover, the green zone is a strong structure and round number $2.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower orange trendline acting as a non-horizontal support.

📚 As per my trading style:
As #XRP approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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