$XRP
Based on the data provided for the current XRP/USDT, here is the suggested trading strategy with entry levels, exit targets, and stop-loss:
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1. Entry Points:
- Long Entry (Buy):
- Ideal Level: Near 3.1328 (MA60 Level — Major Technical Support).
- Alternative: Near 3.0788 (Lowest 24-hour Volume — Strong Support).
- Execution: Wait for confirmation of the rebound with increased volume (for example, above 185.75M).
- Short Entry (Sell):
- Ideal Level: Near 3.2495 (24-hour Volume Resistance).
- Alternative: Near 3.2000 (Psychological Resistance).
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2. Take-Profit Targets:
- For Long Trade (Buy):
- First Target: 3.2000 (Psychological Resistance).
- Second Target: 3.2495 (Peak of 24-hour Volume).
- Third Target: 3.3000 (If the previous resistance is broken with upward momentum).
- For Short Trade (Sell):
- First Target: 3.1328 (MA60).
- Second Target: 3.0788 (Major Support).
- Third Target: 3.0000 (Strong Psychological Support).
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3. Stop-Loss:
- For Long Trade:
- SL: Below 3.0788 (Below the lowest 24-hour support level).
- For Short Trade:
- SL: Above 3.2800 (Above resistance 3.2495 with a safety margin).
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4. Technical Indicators Analysis:
- RSI(6): 68.6005 → Indicates potential overbought (may support the idea of selling at resistance).
- MACD: 0.0008 (Positive but weak) → Limited upward momentum.
- Trading Volume: Decreased volume (585.98M) may indicate weakness in the current trend.