Now we are approaching the support of the where we may see a bounce.
We have 3 key areas we are looking at.
We have a descending trendline in place where we can monitor for a break. Once broken, we can look for bull flags to take XRP higher.
Parallel Channel Support
Another area we are looking at is the support where price previously bounced off twice. We can look for a third touch of that channel support to take XRP back up.
We also have a lower timeframe structure we can monitor for a . Price bounced off the 0.52 level and we can see how price reacts to that level again. If we get buying pressure from that level, we can enter with stops below 0.52.
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He opened lots of long cross positions at the bearish dip of 19 may with x30 leverage at the same time. If I had use 2% of my wallet for each trade as recomended with those very big stop loss they would have let my account to zero... Can't believe that risk management...