Art_of_Trading

RIPPLE (XRP) Dynamic Support & Resistance - Breakout

BITFINEX:XRPUSD   Ripple / Dollar
The BITFINEX:XRPUSD             market did not make much move in the recent hours. The price formed two trendlines . They are considered as dynamic support and resistance . If the price touched those lines multiple times already. However, the breakout is expected sooner or later and that’s where I am going to enter. I will await the valid breakout; once it confirmed I will place my position.
- Follow & Comment -
LONG OT SHORT?
Balas
@roeer, currently, the market moves sideways and will be risky to take a position at this moment. The best approach here is to wait the valid trendline breakout
Balas
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