omidtbv

SHORT XRP FROM 0.445 ~ 0.452 ZONE ?

Short
omidtbv Updated   
BINANCE:XRPUSDT   XRP / TetherUS
What is lost is lost
The main support for XRP has been lost and pullback has been DONE
i dont care about news / pump / dump that CEO trying to do by making HYPE ( the same story repeated on $1-1.5 when he was selling and each day we had news of partnership)

the same support has been lost on 18800K ZONE for BTC so any uptrend would be a PULL BACK to the lost support to collect liquidity

i will short xrp from 0.45 - 0.445 ZONE with target of 0.4 or under - but with reasonable leverage (3x)

*STOP LOSS IS MOST IMPORTANT THING*

TP1: 0.445-0.452 ( i will not long in this market condition )
TP2: 0.43
TP3: 0.41
TP4: 0.39


Comment:

TO HAVE A BETTER UNDERSTANDING ON WHATS GOING ON ~
Comment:
TP1 DONE
we can go up to 0.46 zone before the BIG drop !
Trade active:
Seems the TIME For shorting has been arrived - i would short from 0.451 for the target of 0.438 ATM
Comment:
My last position closed with 4% loss
But in my own idea we are still in a BIG down trend channel from 7th oct and its not a good place to buy xrp atm
Comment:
Once again we are over bought in 1H - 2H - 4H
we can retouch 0.42-0.44 zone by next 72Hours

From my last drawn channel we have a movement between 0.47 ( possible to reach ) to 0.38 ! so do not do OVER LEVEREGE because everything is possible ATM.
Comment:
A very sharp movement can happen over 0.472 ~ 0.45 zone
if we lose 0.45 we can have 0.4 on the table
and in other hand 0.47 can reach us to 0.6 zone
Comment:

0.47 TOUCHED now we are between it completes+retest the 0.46 and get up to 0.6 or get down to 0.3 ZONE
in my idea all 1-2-3-4-8 Hours RSI are over bought and we gonna have a VERY BIG DROP with in next 2 days
Comment:
it seems we gonna looooooooose 0.45 support and reach 0.418 !
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