Below is the trading strategy for 3 coins ADA, XRP, and MAGIC based on the 3 main scenarios of the FED in the upcoming meeting (expected to be announced early morning on 8/5 VN time):
SCENARIO 1: FED HOLDS INTEREST RATES, DOVISH TONE
The market expects early interest rate cuts – risk assets like crypto are rising sharply.
XRP
Strategy: Prioritize Long
Entry: 2.08 – 2.10
TP: 2.18 – 2.25
SL: 2.04
Note: Price may breakout strongly if BTC exceeds 95k.
ADA
Strategy: Long
Entry: 0.65 – 0.655
TP: 0.685 – 0.705
SL: 0.64
Note: ADA benefits from the expectation of capital flowing back to altcoins.
MAGIC
Strategy: Long
Entry: 0.162 – 0.165
TP: 0.175 – 0.185
SL: 0.157
Note: High volatility, suitable for average leverage (5x).
SCENARIO 2: FED HOLDS INTEREST RATES, HAWKISH TONE
Concerns about keeping interest rates high for longer – crypto may adjust.
XRP
Strategy: Short reaction if it breaks 2.07
Entry: 2.065 – 2.075
TP: 2.00 – 1.92
SL: 2.10
ADA
Strategy: Short if it breaks 0.645
Entry: 0.643 – 0.647
TP: 0.62 – 0.60
SL: 0.655
MAGIC
Strategy: Short if it breaks 0.159
Entry: 0.158 – 0.160
TP: 0.145 – 0.135
SL: 0.165
SCENARIO 3: FED UNEXPECTEDLY CUTS INTEREST RATES
Extremely bullish – the entire market is bouncing strongly.
XRP
Strategy: Expand Long position
Add to Long if it breaks 2.18
Extended TP: 2.30 – 2.45
SL moved up: 2.10
ADA
Strategy: Hold Long, add if it exceeds 0.705
Extended TP: 0.75 – 0.80
SL moved up: 0.66
MAGIC