#SaylorBTCPurchase
Key Technical Observations:
Current Price: $0.21719
Trend: Downtrend (lower highs, lower lows)
EMA(50): $0.22720 → Price trading below this = bearish pressure
EMA(200): $0.20787 → A strong support zone
Indicators:
MACD: Bearish divergence, MACD < Signal Line & both below zero = momentum still bearish
Volume: Decreasing → likely approaching a reversal zone or consolidation
RSI(50): 48.81 → Neutral, not oversold yet, but getting close
Support and Resistance Zones:
Immediate support: $0.21567 (recent low), $0.21232 (next key support)
Resistance levels: $0.22256 (near-term), $0.22897 (24h high and EMA50 area)
2. Scalping Signal (Quick Entry/Exit Setup)
Trade Setup: Bounce-from-support long scalp
Parameter
Value
Trade Type
Long (buy scalp)
Entry Zone
$0.21600 – $0.21700
Stop Loss (SL)
$0.21300
Take Profit 1 (TP1)
$0.22200
Take Profit 2 (TP2)
$0.22700 (EMA50 retest)
Risk/Reward Ratio
1:2.3
Logic:
Price is near recent support ($0.21567) with some consolidation signals forming.
A bounce from $0.215 area could push price toward EMA50.
Volume is declining, which often precedes a short-term reversal in crypto scalping plays.
3. Trade Management & Strategy
Entry: Only enter if bullish candle closes above $0.21600 with volume confirmation.
Stop loss: Hard SL at $0.21300 (below recent wick support).
Exit Plan: Use trailing SL after TP$XRP 1 is hit, and move SL to entry.
•Capital Exposure:
Keep trade size such that your risk is no more than 1-2% of your total portfolio.
