šØ $XRP Analysis: Fakeout and Drop, But Support Holds šØ
š Key Takeaways:
- Price made a fakeout, then dropped, but major support level holds š
- Trading above support area, potential buying opportunity near $1.90-$2.00 šļø
- Resistance area at $2.73-$2.88, watch for breakout or rejection š«
š Support and Resistance Levels:
- Major Support Area: $1.90-$2.00 šŖ
- Resistance Area: $2.73-$2.88 š
š Trading Strategy:
- Buy near support area ($1.90-$2.00) for potential upside š
- Set stop-loss below support level ($1.90) to limit losses š
- Monitor resistance area ($2.73-$2.88) for breakout or rejection signals š
Stay informed and adapt your trading strategy accordingly! š”
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