I will explain the best time to sell
1. Price Increase: The price starts to rise and the first peak (Top 1) is formed.
2. Downward Correction: The price drops slightly and then rises again.
3. Formation of the Second Peak (Top 2): The price reaches approximately the same level as the first peak, but cannot exceed it — indicating that buyers have lost strength.
4. Decline and Break of Trend Line: The price begins to fall and breaks the upward trend line (Trendline).
5. Break of Support Area (which was an old resistance): The price breaks the gray area, which is a horizontal support line.
6. Entry Point (Entry): A sell position is entered upon breaking this support.
7. Determining Risk and Reward (Risk/Reward):
Risk: The red area, which is the amount of potential loss.
Reward: The green area, which is the expected profit.
1. Price Increase: The price starts to rise and the first peak (Top 1) is formed.
2. Downward Correction: The price drops slightly and then rises again.
3. Formation of the Second Peak (Top 2): The price reaches approximately the same level as the first peak, but cannot exceed it — indicating that buyers have lost strength.
4. Decline and Break of Trend Line: The price begins to fall and breaks the upward trend line (Trendline).
5. Break of Support Area (which was an old resistance): The price breaks the gray area, which is a horizontal support line.
6. Entry Point (Entry): A sell position is entered upon breaking this support.
7. Determining Risk and Reward (Risk/Reward):
Risk: The red area, which is the amount of potential loss.
Reward: The green area, which is the expected profit.
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XRP
2.2326
+2.33%