Potential long opportunity on XRP daily timeframe

#内容挖矿 #TradeNTell #xrp #XRP/USDT #瑞波

Pull the volume distribution and Fibonacci from the high, the POC perfectly overlaps with 0.382 at around 0.6225, and the previous low before the pin overlaps with the VAL at around 0.481. The MACD downside momentum is weakening and has shown signs of turning.

If the price breaks down briefly and recovers, you can build a long position, and the first target is 0.6225. If the price continues to rise, there will be a Gartley expectation, with a target of 0.845, and then short it.

If the downside momentum is strong, it hits the POC of the consolidation zone below, around 0.376, and rebounds and stands back at 0.408, you can enter a long order on the right side, and there is a potential Shark expectation. The first target is still the POC above 0.6225, and the second target is around 1.035, which also happens to be an important previous high with a lot of liquidity. Similarly, if the price reaches here, you can take profit on the long and open a short position.

I don't like to stare at the盘, and I prefer left-hand trading strategies. Trading strategies are time-sensitive, and all statements do not constitute any investment advice. Good luck to you all~