$XRP
Entry Timing: Monitor the BNB price. When it drops from 601 and approaches 597, assess it alongside trading activity and trend. If the trading activity quickly drops near 597 without a significant increase in volume, and a small bullish candle or long lower shadow indicates a stop-loss signal, you can consider buying with a light position.
- Risk Control: Operate with a light position to avoid full investment. Set the stop-loss at 596; if the price falls below this level, sell decisively to prevent further losses.
- Profit Target: Aim for a target price of 605. When the price approaches this level, due to the selling pressure from trapped positions, consider taking profit and selling to lock in gains.