$XRP šÆ Trading Strategy Suggestion
š© Entry Point (Long):
Buy between: $2.15 - $2.18
Reason: Price is consolidating just above 99 EMA and MA(7). RSI is neutral, and price is holding key support.
ā Take Profit Levels:
TP1: $2.21 (retest of minor resistance)
TP2: $2.28 (gap resistance from previous price action)
TP3: $2.32 - $2.33 (major resistance ā previous high)
š Stop Loss:
SL1 (Safe): $2.10 (below recent range and MA support)
SL2 (Aggressive): $2.00 (below psychological and structural support)
āļø Risk-to-Reward Ratio (TP2 target):
Entry: $2.16
SL: $2.10 ā Risk: $0.06
TP2: $2.28 ā Reward: $0.12
R:R = 2:1 (Favorable)