Hey! Hope you guys are doing well as always, following up with my previous idea and before I start if you'd like to leave a like and follow it would be much appreciated as always! Simply doing what I love and will continue to keep on doing.
⚡️Following up with our previous idea we stressed and called out the warning and the fact that the mountain fall was starting to happen and what has happened is we've seen that large sell of 237k XRP which pulled us below our marked trend line in blue as well as has brought us now down to our HTF liquidity levels where XRP is trying to pull back up to touch in order to regain it's footing. Like I said, those HTF levels will do something and XRP is definitely trying to pull back up to that 0.328 HTF level right now otherwise it could lose it's step and continue the mountain fall.
⚡️Especially considering the fact that our EMA's haven't flipped yet and we are seeing this move below our trend line now it'll take a lot of support to bring us back up and on track. Traders will most likely be watching right now to see what happens on XRP touching or reaching the current HTF level before executing those enter/sell orders.
⚡️If we don't get strong support and keep it for the next couple of hours or even sooner we could see bears try to sell more and pull us back down to that sideways channel at 0.3221. We really need support to kick in right now and continue but nonethless keep aware of this threat. Yes this big sell order was a rather big drop but keep in mind it could be the start as it is sometimes with false liquidity grabs.
⚡️I'm gonna leave this here for now but be very cautious and watch what happens with those levels and support as most likely we're gonna get pulled back down and in the very least we are gonna be facing pressure now that we have moved below the trend line so keep an eye and keep well you guys. If we're real lucky and I'm wrong we get strong pressure and continue our move back up but keep watch! This is gonna be crucial.
If you guys appreciated the idea or felt it provided some insight and helpful words a like and follow to keep posted on ideas you need, when you need them. And as always be sure to do your own proper DD. And most importantly, trade responsibly.
~ Rock
⚡️Following up with our previous idea we stressed and called out the warning and the fact that the mountain fall was starting to happen and what has happened is we've seen that large sell of 237k XRP which pulled us below our marked trend line in blue as well as has brought us now down to our HTF liquidity levels where XRP is trying to pull back up to touch in order to regain it's footing. Like I said, those HTF levels will do something and XRP is definitely trying to pull back up to that 0.328 HTF level right now otherwise it could lose it's step and continue the mountain fall.
⚡️Especially considering the fact that our EMA's haven't flipped yet and we are seeing this move below our trend line now it'll take a lot of support to bring us back up and on track. Traders will most likely be watching right now to see what happens on XRP touching or reaching the current HTF level before executing those enter/sell orders.
⚡️If we don't get strong support and keep it for the next couple of hours or even sooner we could see bears try to sell more and pull us back down to that sideways channel at 0.3221. We really need support to kick in right now and continue but nonethless keep aware of this threat. Yes this big sell order was a rather big drop but keep in mind it could be the start as it is sometimes with false liquidity grabs.
⚡️I'm gonna leave this here for now but be very cautious and watch what happens with those levels and support as most likely we're gonna get pulled back down and in the very least we are gonna be facing pressure now that we have moved below the trend line so keep an eye and keep well you guys. If we're real lucky and I'm wrong we get strong pressure and continue our move back up but keep watch! This is gonna be crucial.
If you guys appreciated the idea or felt it provided some insight and helpful words a like and follow to keep posted on ideas you need, when you need them. And as always be sure to do your own proper DD. And most importantly, trade responsibly.
~ Rock
