Analysis of the XRP/USDT Chart (4H - Binance)

General Trend

A strong previous upward trend is observed with a recent pullback. There are liquidity zones and possible blocked orders at the bottom. The market structure shows several CHoCH (Change of Character), indicating direction changes.

Key Levels

Resistances: At the top, there is a "Weak High", suggesting it could be taken in the future. Supports: There are zones of Strong Low at lower levels around 2.0 USDT. Liquidity Zones: Order blocks in blue (demand zones) are seen where the price has reacted.

Indicators and Patterns

Moving Averages: They seem to be acting as dynamic support. CHoCH and BOS (Break of Structure): Indicate changes in price structure. LuxAlgo: Marks areas of interest that may serve as trading areas.

What Would I Do in This Scenario?

✅ If you're bullish:

Wait for confirmation of rejection in the blue demand zone (~2.95 - 3.00 USDT). Look for a long entry if the price shows reaction in that zone. Target at resistance (~3.18 - 3.20 USDT).

❌ If you're bearish:

Wait for a break of the 3.00 USDT support. Look for a sell on the retest, targeting the zones of 2.70 - 2.40 USDT.

📌 Conclusion:

The market seems to be in a consolidation phase after the bullish impulse. If the support holds, it's likely we will see a new attempt to rise. If it breaks, a greater pullback could come.

What strategy do you have in mind? 🚀📉📈