XRP make correction to $1.49 USD support!!! Now what?
I see today that XRP touch my Stop Loss at $1.43 USD, so, unfortunately, we loss this trade, but more important it's that we're bullish. So, XRP form a descendent triangle flag, that it's a bearish pattern if you trade in H1 timeframe, that it's a reversal of the trend to ind down a good zone to then, make a big impulse. So, I believe that Bitcoin too make a correction to $60,000 level price, that it's becuase that Bitcoin and many cryptocurrencies are find down more level price and other make a pull back.
Now, I hope an entry in that zone in the $1.50 levels price in H4 timeframe to continue trade in Bybit. I'd reccomend that if you're a beginner to trade Bybit, the most leverage it's until 2x and not more of 3x. A leverage until 2x it's great, but always, we will need to learn that we would need to take a plan to reach our goals in XRP to continue accumulating this crypto a plan. In my first 2 trade I generated like 1,678 XRP and in this trade I loss 543 XRP because XRP touch me my Stop Loss.
s3.tradingview.com/s...shots/t/tOiywOGQ.png
This it's the H4 timeframe and XRP drop like 12% from $1.80 USD to $1.49 USD. Right now, XRP price it's around of $1.56 USD. As reference, I believe that the most chart to trade it's H4 and just keep this posiiton for longer. I like to trade intraday from H4 in front timeframe.
s3.tradingview.com/s...shots/l/lbCZi0F5.png
Now, XRP it's still bullish in Daily timeframe
Now guys, at the moment, we would need to be out in XRP until XRP show us a good entry in H4, I believe that as XRP form a descenden triangle flag, a correctin was neccesary that XRP find down more leve to buy cheap.
Now, I hope an entry in that zone in the $1.50 levels price in H4 timeframe to continue trade in Bybit. I'd reccomend that if you're a beginner to trade Bybit, the most leverage it's until 2x and not more of 3x. A leverage until 2x it's great, but always, we will need to learn that we would need to take a plan to reach our goals in XRP to continue accumulating this crypto a plan. In my first 2 trade I generated like 1,678 XRP and in this trade I loss 543 XRP because XRP touch me my Stop Loss.
s3.tradingview.com/s...shots/t/tOiywOGQ.png
This it's the H4 timeframe and XRP drop like 12% from $1.80 USD to $1.49 USD. Right now, XRP price it's around of $1.56 USD. As reference, I believe that the most chart to trade it's H4 and just keep this posiiton for longer. I like to trade intraday from H4 in front timeframe.
s3.tradingview.com/s...shots/l/lbCZi0F5.png
Now, XRP it's still bullish in Daily timeframe
Now guys, at the moment, we would need to be out in XRP until XRP show us a good entry in H4, I believe that as XRP form a descenden triangle flag, a correctin was neccesary that XRP find down more leve to buy cheap.