JCasimirYoka

From zero to 50$ 📈

Within half a year of starting using Binance, I made over $50. 🔥

I'm really happy. How can I get it without capital? I will write about it when I have time in the future.

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a short technical analysis for the $XRP

/USDT pair with potential trade targets and momentum details:
Technical Analysis:

Trend: The price of XRP/USDT has recently shown a slight bullish momentum, indicated by a +1.38% rise in the last 24 hours.

Support: The key support level is around 2.3641, marking a low for the day.

Resistance: The current resistance is at 2.4743, the 24-hour high.
Indicators: The RSI (Relative Strength Index) likely signals neutral to slightly overbought conditions. As the price is pushing near the high range, it's essential to monitor for a potential consolidation or reversal.

Trade Signal:

Long (Buy): Consider entering a long position around 2.42 (current price), aiming to capitalize on the bullish momentum if it continues.

Stop-Loss: Set stop loss just below 2.36 (24h low) for risk management.
Trade Targets:

Target 1: 2.4750 (near the recent high) – short-term bullish goal.

Target 2: 2.50 – Psychological resistance and potential profit-taking point.

Target 3: 2.55 – Extended bullish momentum level if the price breaks through the key resistances.

Momentum:

Momentum seems positive but it might slow down as the price reaches key resistance areas.

Recommendation: Monitor the price action closely for either a breakout above resistance or signs of reversal near resistance levels.

Note: The market is dynamic, so be prepared for fluctuations based on broader market conditions or news.

#BIOOnBinance #BinanceAlphaAlert #USJoblessClaimsDrop #XRPBackInTop3

Usual USDT
TAOUSDT
hold or close

$XRP Short Liquidation Shock!

Massive Short Liquidation: $55.1K at $2.431!

In a stunning twist, Ripple ($XRP) has caught many short traders off guard, with a $55.1K liquidation as the price surged to $2.431!
What seemed like a safe bet for traders betting on a price drop turned into a nightmare as $XRP defied expectations and soared.

Why Did This Happen? Short sellers were betting on $XRP’s price falling, but the market had different plans.
Instead of continuing its downward trend, #XRP took an unexpected leap, forcing short positions to close at significant losses.
The surge triggered massive liquidations, leading to a sudden shockwave in the market.

What’s the Lesson Here? This event highlights the risks of short selling in a volatile market like crypto.

The market can flip on you without warning, and when it does, losses can pile up fast.

If you’re going to short, make sure to use risk management tools like stop losses to protect yourself from these unpredictable swings.

Key Takeaway: Always remember that the crypto market can be volatile in both directions.
Don’t underestimate the power of a sudden price rally, especially when betting on a decline.
Risk management and staying alert are crucial!

#XRP #CryptoTrading #ShortLiquidation #RiskManagement #CryptoNews #Volatility #Ripple #Binance250Million #BinanceAlphaAlert #USStateBuysBTC #XRPBackInTop3
$XRP