the dynamic resistance shown in the chart is very weak, although apparently its made up of major highs, but, waiting to buy at a cross is not logical...
everything else is on the chart, crossing the resistance at 1.2 dollars, initiates a very spiky demand on xrp, please don't sell all your balance at once or you will get FOMO,
The only thing that makes an exception, is the potential of smart money to manipulate the market at this point, which is very probable, cuz the long positions in futures market has been very high, and a probable move to liquid the bullish retail traders can drop the market.
after all, as long as the price is above the designated pivot, it's almost safe to trade and hold,
write your comments down below,
everything else is on the chart, crossing the resistance at 1.2 dollars, initiates a very spiky demand on xrp, please don't sell all your balance at once or you will get FOMO,
The only thing that makes an exception, is the potential of smart money to manipulate the market at this point, which is very probable, cuz the long positions in futures market has been very high, and a probable move to liquid the bullish retail traders can drop the market.
after all, as long as the price is above the designated pivot, it's almost safe to trade and hold,
write your comments down below,
Trade chiuso: obiettivo raggiunto:
first target reached (dynamic resistance)
and now its on a powerful support
and now its on a powerful support
