XRP In a Bearish Channel Time to Go Short

XRP BTC is in a longterm down trend/ correction from its incredible run up in the first quarter. It is now a good short opportunity with a stop loss placed just above the resistance level of the channel and your take profit near the support zone. Fibonacci levels also indicated that there has been a retracement of 61.8% and the price is currently at a 50% retracement level indicating the bearish trend will likely continue.

Good Luck!

If you wanna help me out, Feel free! I know I am. 16XBjRPzStH3FANCsWmUGBGALVpQ9RkPhE

and some jams to trade too: https://www.youtube.com/watch?v=cbbMvvKOf5Q

Commento:

Volume Profiles on the daily chart for some of you who like to see volume's role in price action.

Trade chiuso: obiettivo raggiunto:

Another great trade! Hope you caught that one with me!