you didn't put the stop loss bro, picture is showing take pr | Ayaz Anxari on Binance Square

Trending Articles

Bookmarked and Liked

--

you didn't put the stop loss bro, picture is showing take profit on 1.58 and you did a short trade. you Stoploss should be 1.62. 😂

Pisey

--

$VIRTUAL what the importance of TP and SL? if the system didn't follow the ordered set up

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

59

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-Creator-f2b6d431f339

Explore More From Creator

$XRP /USDT pair. The current price is $2.3473, with a 24-hour high of $2.4392 and a low of $2.3126. The 24-hour trading volume is 105.65 million XRP, equivalent to $251.37 million USDT. To determine the next move for XRP, we need to analyze the chart and technical indicators. 1. *Chart Analysis*: The chart shows a downward trend, with the price having dropped from a high of around $2.65 to the current level. The chart also displays a series of lower highs and lower lows, indicating a bearish trend. 2. *Technical Indicators*: The Relative Strength Index (RSI) is at 22.3296, which is below 30, indicating that XRP is oversold. The Moving Average Convergence Divergence (MACD) is negative, with the DIF (-0.0292) below the DEA (-0.0143), suggesting a bearish signal. 3. *Trend Indicators*: The chart displays several moving averages (MA), including MA(5), MA(10). The price is currently below these MAs, indicating a bearish trend. Based on the analysis, it appears that XRP is in a bearish trend, and the next move could be a continuation of this trend. However, the oversold RSI suggests that there might be a potential for a bounce or a reversal. To make a more informed decision, it's essential to consider other factors such as market news, sentiment, and fundamental analysis. Additionally, it's crucial to set clear risk management strategies, such as stop-loss orders, to limit potential losses. In conclusion, while the chart and technical indicators suggest a bearish trend, it's essential to consider multiple factors before making a trading decision. A more conservative approach would be to wait for a clearer signal or a confirmation of the trend before making a move. #DYOR

--

$VIRTUAL : The current price is 1.6419 USDT, with a mark price of 1.6425. The price has seen a significant spike earlier, reaching a 24-hour high of 1.8289 before pulling back. Indicators: - Moving Averages (MA): The chart shows MA(7), MA(25), and MA(99). The price is currently above the MA(7) and below the MA(25) and MA(99), indicating a potential short-term bullish trend but a longer-term bearish or neutral trend. - *Relative Strength Index (RSI)*: The RSI(6) is at 11.697, indicating the asset is oversold. This could suggest a potential for a bounce or consolidation. - *MACD*: The MACD is negative, with the DIF below the DEA, indicating a bearish signal. Volume: The 24-hour volume is significant, with 293.20M VIRTUAL and 498.78M USDT traded. High volume during a price drop can indicate strong selling pressure. Analysis Given the current indicators: - The oversold RSI suggests a potential for a short-term bounce or consolidation. - The negative MACD indicates a bearish trend. - The price action shows a significant pullback from the recent high. Potential Next Moves 1. *Short-Term: A potential bounce or consolidation is possible due to the oversold RSI. Traders might look for a short-term buying opportunity, but caution is advised due to the overall bearish MACD signal. Long-Term: The bearish MACD and the price being below the longer-term MAs suggest that the downtrend could continue. Traders should be cautious and consider risk management strategies. Considerations -Market Sentiment: The overall market sentiment, news, and external factors can significantly impact the price. - Risk Management: Always use appropriate risk management strategies, such as stop-loss orders, to mitigate potential losses. Conclusion While technical analysis can provide insights, it's essential to consider multiple factors and not rely solely on indicators. The next move in the market could be a short-term bounce due to the oversold condition, but the overall trend remains bearish. Traders should stay informed and adjust their strategies accordingly.

--

Here are some of the latest news and trends circulating around the crypto industry: Recent Developments: - *VanEck Files for BNB ETF*: VanEck has filed for a BNB ETF, making it the first asset manager to attempt listing an ETF holding the native token of Binance's BNB Chain. - *Ripple Commits $25M to US School Nonprofits*: Ripple has pledged $25 million in Ripple USD (RLUSD) to support teachers, students, and innovation in education through nonprofits DonorsChoose and Teach For America. - *Tether AI Platform to Support Bitcoin and USDT Payments*: Tether's AI platform will enable crypto payment support via a newly launched wallet development kit for self-custodial wallets for Bitcoin and Tether's USDt. Market Trends - *Bitcoin Investors' Expectations Evolve*: With 88% of Bitcoin's supply in profit below $95,000, investor expectations are shifting, and the $95,000 BTC resistance zone is being closely watched. - *Crypto Funds See $2B Inflows*: Crypto ETPs saw $2 billion in inflows last week, with Bitcoin leading gains and BlackRock dominating activity. - *XRP Price Risks 45% Decline*: XRP ledger activity has dropped sharply, increasing the downside prospects for XRP price to drop below the key $2 level. Regulatory and Partnership News - *Binance Co-Founder Proposes Bitcoin, BNB for Kyrgyzstan Reserves*: Binance co-founder CZ has proposed using Bitcoin and BNB for Kyrgyzstan's reserves, and the country has signed a memorandum of understanding with Binance to launch Binance Pay. - *Cointelegraph and TheBlock Announce Strategic Media Partnership*: Cointelegraph has partnered with TheBlock to boost tokenization, compliance, and real-world asset adoption in the MENA region through joint events and coverage .

--

$XRP /USDT Key Observations 1. *Price Action*: The price has been trending downward, with a recent slight recovery. 2. *Moving Averages (MA)*: The short-term MA (7) is below the longer-term MAs (25 and 99), indicating a bearish trend. 3. *Relative Strength Index (RSI)*: The RSI (6) is at 34.2670, indicating oversold conditions. 4. *MACD*: The MACD is negative, with the DIF and DEA both below zero, indicating a bearish trend. Potential Next Move Based on the chart, the next move is uncertain. However, considering the oversold RSI and the recent slight recovery, there is a possibility of a short-term bounce or consolidation. Entry Considerations To determine a potential entry point, consider the following: 1. *Wait for a clear trend reversal*: Look for a sustained move above the short-term MA (7) or a break above a significant resistance level. 2. *Monitor support levels*: The recent low around 2.1235 could act as a support level. A bounce from this level could be a potential entry point. 3. *Confirm with other indicators*: Consider other technical indicators, such as the Bollinger Bands or other oscillators, to confirm the trend and potential entry points. Caution Trading cryptocurrencies involves significant risks, and it's essential to do your own research, consider multiple sources, and consult with a financial advisor before making any investment decisions. Recommendation Based on the chart, it's not recommended to take an entry at this point. Instead, wait for a clearer trend reversal or a more significant support level to be established #DYOR

--

$VIRTUAL USDT, here's a technical analysis to guide the next move: Chart Analysis - The chart is showing a downtrend, with the price having dropped significantly from its peak around 1.8879 to the current price of 1.5933. - The 7-day, 25-day, and 99-day moving averages (MA) are all trending downwards, indicating a bearish sentiment. - The Relative Strength Index (RSI) is at 31.5250, which is below the neutral zone of 50 and indicates oversold conditions. - The Moving Average Convergence Divergence (MACD) is negative, with the DIF (0.0637) below the DEA (0.0997), indicating a bearish crossover. Potential Next Move - Given the current downtrend and bearish indicators, it's likely that the price may continue to decline in the short term. - However, the RSI being in oversold territory could indicate a potential reversal or a bounce in the near future. - Traders may consider waiting for a clearer signal, such as a bullish crossover on the MACD or a break above a key resistance level, before making a buy decision. Trading Decision - *Buy*: Not recommended at the moment, as the trend is bearish and the indicators are not showing a clear reversal signal. - *Sell*: May be considered if the price continues to decline and breaks below key support levels. However, it's essential to set stop-loss orders to limit potential losses. Risk Management - It's crucial to manage risk by setting stop-loss orders and position sizing to avoid significant losses. - Traders should also consider their overall market sentiment, risk tolerance, and investment goals before making a trading decision. Keep in mind that technical analysis is not a foolproof method, and the market can be unpredictable. It's essential to stay informed, adapt to changing market conditions, and adjust your trading strategy accordingly. #DYOR

--

Latest News

U.S. Treasury Secretary to Address Trade Imbalances at G7 Meeting

--

Japan Seeks Win-Win Investment Relationship with U.S.

--

Fake Ledger Scam Resurfaces, Targeting High-Net-Worth Users

--

Trader Faces Significant Losses Amid Volatile Cryptocurrency Market

--

Bitcoin Transaction Fees Reach Yearly High Amid Supply Concerns

--

Trending Articles

HaseebAhmed1026

Why Does the Market Suddenly Crash During a Pump? Ever noti

Everywhere turning green. Candles and indicators are going u

Expert Says Most People Will NEVER Own as Much as 1,000 XRP

Lachakari_Crypto

Is security at risk? Why Ethereum's Approach May Be Stronger than Bitcoin's

Cookie Preferences

Cookie Preferences