We may seeing a brief retracement period, which could bring XRP down between the 0.5 and 0.618 fibonacci levels where we have moving average confluence as well. We'll be looking for bullish price action between 0.70 and 0.75.
Trade Idea:
- Watch for price to retrace back to the fibonacci levels
- wait for lower timeframe trendline break to indicate bullish pressure
- Enter with stops below the rejection
- Target the previous highs but hold some for the major bullrun
Goodluck!
Trade Idea:
- Watch for price to retrace back to the fibonacci levels
- wait for lower timeframe trendline break to indicate bullish pressure
- Enter with stops below the rejection
- Target the previous highs but hold some for the major bullrun
Goodluck!
