XRP If this is a proper upswing ( I hesitated to say bull market/run), then we can count this as a correction.
So we want to find support at maximum @ the 200 EMA, in which case our "buy zone" is somewhere in the in the 70 cent range. anything above the rectangle buy zone and the upper red dotted resistance line is a "No Buy zone" as the risk to reward increases.
What if ?
What if this buy zones fails and we keep going lower? All bets are off and either keep it for later or stop loss it.
Remember : like everything else these are just my thoughts and my plans, please deiced on your own how to use your money.
Best of luck trading.
Nova Scorpius
So we want to find support at maximum @ the 200 EMA, in which case our "buy zone" is somewhere in the in the 70 cent range. anything above the rectangle buy zone and the upper red dotted resistance line is a "No Buy zone" as the risk to reward increases.
What if ?
What if this buy zones fails and we keep going lower? All bets are off and either keep it for later or stop loss it.
Remember : like everything else these are just my thoughts and my plans, please deiced on your own how to use your money.
Best of luck trading.
Nova Scorpius
