XRP is approaching the support it established at the end of January. If buying returns, XRP should quickly rally back to the $0.9 zone according to Wyckoff theory. However, here it is easy to see a strong selling force to $0.55 or $0.5 before a strong increase to create a beartrap so we need to pay attention to capital management.
๐RED PLAN
โป๏ธCondition : If 1-Day closes ABOVE 0.55$ zone
๐ดBuy : 0.6 - 0.55
๐ดSell : 0.7 - 0.8 - 0.9
๐BLUE PLAN
โป๏ธCondition : If 1-Day closes BELOW 0.55$ zone
๐ตSell : 0.55
๐ตBuy : 0.5 - 0.42
โDetails
๐Red Arrow : Main Direction as RED PLAN
๐Blue Arrow : Back-Up Direction as BLUE PLAN
๐ฉGreen zone : Support zone as BUY section
๐ฅRed zone : Resistance zone as SELL section