Support & Resistance Strategy โ $XRP
๐ Trading $XRP with Precision โ Master Support/Resistance
If you're not using support and resistance (S/R) levels, you're missing the foundation of price action trading.
Right now, $XRP is facing a heavy resistance zone around $0.65, which has been tested three times in the last week without a breakout.
๐ Key Zones on Chart:
Support: $0.59 โ previous bounce zone
Resistance: $0.65 โ rejection area with long wicks
๐ง Trade Plan:
Scenario 1 (Bullish): Wait for a candle close above $0.65, then enter on the retest.
Scenario 2 (Bearish): Look for rejection at $0.65 with a wick or engulfing candle. Short with a stop above.
๐ฏ Targets: $0.68 (bull) or $0.57 (bear)
๐ซ Donโt trade in the middle of the range. Be patient. Let price come to your levels.
๐ฃ๏ธ How do you draw your S/R? Candle closes or wicks?
#xrp #support #CryptoTips #Write2Earn
