$XRP on consolidation zone... breaking the zone would confir | trading_spot on Binance Square

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$XRP on consolidation zone... breaking the zone would confirm bears and bulls...

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XRP

2.2027

-2.24%

171

0

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#xrp a simple 4 hour chart where xrp has the support line at 2.1 which is a previous low. staying above the 2.1 support would pump xrp to next high for 2.4 in coming week. until then set your stop loss below 2.09-2.1. #XRPETFs

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For new traders who are willing to spot trade, here are some suggestions and advise which will truly help you to understand the market. 1. the market is not a gambling spot to wait for your luck to make you a millionaire. the market acts on precision. so please avoid the thought on making tons and tons profits with single click, if you come up with that i assure you even a 10$ loss in trade would make you run out the market. 2. analyse the chart, read the candlesticks, he candle sticks are the language of crypto, each symbolises something, instead of believing on luck study about candle sticks. 3. don't ever follow the scam post on 1000$ pnl, 1 million PNL kind of scam post. even a schoolboy with basic questioning ability can ask an ai to edit the chart and present it. 4. follow the indicators, as it were the best way to predict the market. 95 out of 100 times it won't fail you. 5. dont trade on 1m, 3m, 15m for getting instant benefits, a sudden trailing down market chart will upset you more. instead try 1h, 4h, 1d charts. 6. don't dump all your investments on crypto at once. the money which doesn't make you upset even though if it's lost will give you more gains. small droplets of rain make flood, have it in your mind. 7. try to analyse the support and resistance line. it'll help you to enter and exit the trade with good amount of gains. #spot #advise

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as of now the market sentiments hold key role in manipulation of buyers and sellers minds. if you don't know anything about crypto i strongly advise you to keenly watch community post and comments on specific coins. if the community has the confidence on coin to pump, buy it, if it loses confidence sell it. it may sound crazy but whales manipulate the community. if you bought any coin and suddenly the market goes berserk down. don't panic. know that patience is the key. A brilliant spot trader is the one who keeps silence when there is dump and buy more coins at the dip for reducing the average price of the coin. don't ever sell your coins for loss. loose time not the money. #Spot #advise

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$XRP building up the strong resistance near 2.3...breaking the resistance would attract buyers... untill then its slightly bearish #xrp

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