XRPBTC seems to be about to make a move - just like many other ALT coins. As seen on the chart, it is currently between strong levels of Daily Support and Resistance and follows the green Trend Line .
Recently, we had a Doji candle, followed by a Bullish Hammer ( ish ) and a sideways trend break.
Even though candles are not sufficient to make a decision, they occurred at a support level which:
a) Doji - Shows that the market is indecisive - possible trend reversal
b) Hammer - Shows that buyers are stronger than sellers and are refusing to let the support break.
This is a 2:1 Risk to Reward ratio.
Stop loss should be set below the support - where exactly depends on your risk appetite.
Hope that works out for you!
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Hello everyone,We had a little push, however not strong enough to hold the support.
Since support has been broken, it will now likely become resistance.
I would exit this trade now before hitting the stop loss.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.