In XRPUSD , THE OVERALL TREND FOR NOW IS BULLISH UNTIL 0.68421 . SO EXPECTING AN TRIANGLE BREAKOUT HERE . KEEP TIGHT SL FOR SCALPING TRADES !!
the price is rangebound for short term unless broken with a good voulume , trade between marked support and resistance levels .
after the breakout the price will take support at this level
1) Wait for the price to reject at the entry range and take long position accordingly 2) If broken down , check for 4H candle close below the buy level to go for a SHORT POSITION . 3) May wait for trendline breakout and retest for more confirmation . 4) 4 Targets are given . targets 3 & 4 might be difficult to achieve because of the trendline . trial your...
if gap up , its invalid . flatopening , gapdown valid . can go for long @ target
if sustained above this level without any close below 42.2 in 2h candle , its not bearish until 52
broke 0.5 fib level from the march fall and taking support there ( 160 ) . Upside targets are marked . 179-180 is the next upside target
targets maybe taken as the above lines
wait for the stock to take support @542.5-540.5 to take a long entry . if it doesnt reject and breaks down, dont take any trade .
wait for the stock to come into the red zone to take support and keep SL below the red zone . targets can be the red dotted lines for upside
look for restest of 384-386 levels for best entry . SL -375 . short term positional target - 453
SHORT AT RESISTANCE . BUT BULLISH FOR LONGTERM , EXPECT TO BOUNCE AT SUPPORTS
until a higher low has been formed , it is in up trend , lookk for buying in dips
, look for shorting if support is broken
wait for the price to take support