Red candle on XRP does not always mean cheap entry.
Price: 1.30 · 24h -8.10% · Vol 429M USDT.
XRP is worth watching because of its 24h volatility; the key question is whether buying pressure is still ongoing or it’s already too late.
I haven’t assigned the story too early; for now I’m only looking at volume, the price zone, and the reaction after the breakout move. -8.10% shows that selling pressure isn’t small. I’ll wait for a reclaim of 1.46 or for a new base to form; catching it early just because it’s very red is often an emotional trade.
I want to see selling pressure weaken again around 1.27, or for a clearer reclaim of 1.46. Buying the bottom just because “it has dropped a lot already” is usually the riskiest part.
Dip buy or wait for confirmation?
#XRP #DipBuying #RiskManagement
Price: 1.30 · 24h -8.10% · Vol 429M USDT.
XRP is worth watching because of its 24h volatility; the key question is whether buying pressure is still ongoing or it’s already too late.
I haven’t assigned the story too early; for now I’m only looking at volume, the price zone, and the reaction after the breakout move. -8.10% shows that selling pressure isn’t small. I’ll wait for a reclaim of 1.46 or for a new base to form; catching it early just because it’s very red is often an emotional trade.
I want to see selling pressure weaken again around 1.27, or for a clearer reclaim of 1.46. Buying the bottom just because “it has dropped a lot already” is usually the riskiest part.
Dip buy or wait for confirmation?
#XRP #DipBuying #RiskManagement