#CryptoFees101
๐จ What worries me: Excessive buying pressure against price stability! | In-depth analysis of XRP ๐๐
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๐ง ๐น Financial maestro analysis ๐จโ๐ซ๐:
๐ When analyzing XRP, we noticed the following:
๐ธ 76% of traders are opening long positions (BUY)
๐ธ Compared to only 23% in short positions (SELL)
๐ธ With an L/S Accumulation ratio of 3.18 โ
๐ธ However... โ The price is stuck and stable without any real breakout of resistances!
โ ๏ธ This means one thing:
๐ซ Overbuying without significant price movement = Potential reversal or liquidation ahead!
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๐งฑ Support and resistance levels ๐
๐ป Strong support: 2.15 โ Any break below it = Drop towards 2.05
๐บ Solid resistance: 2.20 โ Breaking above it = Rise to 2.28 โ 2.30
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๐๐ญ Current recommendation ๐ฏ:
๐ We recommend: To wait currently and not enter any trades
โ๏ธ Because the price is in a "hesitation" zone, amidst buying inflation and weak upward momentum
๐ Safe entry should only be after confirmation signals appear (breakout or breakdown)
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๐ Don't forget:
> "If everyone gets excited to buy, be the one who watches from afar" ๐ฌ
Markets do not reward haste, but rather caution and discipline ๐
๐ Final notes:
โ If the price breaks 2.22 with a strong candle, a buy order targeting 2.28 is excellent
โ If the price fails to break the resistance and a bearish engulfing candle appears, a short selling opportunity may be profitable
