Setting Up TradingView Chart for 1 Hour XRP/USDT
1. Time Frame:
Use 1H (1 hour) to see the direction of the main trend
Use 5M (5 minutes) for more accurate entry/exit
2. Indicators:
A. EMA (Exponential Moving Average)
EMA 9 (color: yellow or blue)
EMA 21 (color: red)
Function:
BUY Signal = EMA 9 crosses above EMA 21
SELL Signal = EMA 9 crosses below EMA 21
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B. RSI (Relative Strength Index)
Default setting (14)
Add horizontal lines at 30, 50, and 70
Function:
BUY when RSI drops to 30–50 and starts to rise
SELL when RSI rises to 70 and starts to fall
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C. Volume
Display volume bars, to see if the breakout has strong volume support.
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Execution Strategy:
Example Buy Signal:
1. EMA 9 crosses up EMA 21 on TF 1H
2. RSI rises from below 50
3. Volume increases
4. Price confirmation in the order book starts to break through resistance (e.g., 2.045 – 2.046)
Entry: When the price breaks through 2.046 TP (Take Profit): 2.050 – 2.055 SL (Stop Loss): 2.040
