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rafaelken1989
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Market trends just don't reverse magically. They need valid confirmations that are hard to spot because the market usually sets booby (both bear and bull) traps to unsuspecting participants.
#Trading
#Wisdom
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rafaelken1989
@rafaelken1989
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haha short? u got rekt! why short a green previous daily candle? there's a gap to be filled at 2.50-53. It is an obvious long!
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Interesting
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Unfair drop last Monday leaving a gap on the 2.50-2.53 range so it will be fair to retest it before the next move. ty
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XRP made a beautiful external sell side liquidity sweep yesterday targeting the 1.70+ false wick tail territory! 2.50-53 gap must be reclaimed first if we want that PO3 set up!
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#XRP had an unfair price action to the downside last Monday printing a fresh weekly low just few cents above the $2 after at least 3 attempts to break the $2.60 resistance. Many buyers were upset or even mad because their orders were not filled below that lowest price yesterday. The way I assess the $2 now it becomes a very important psychological support level and I think at this point in time, a dollar plus XRP is not possible because the current price action tells me that buying pressures stepped in through people missing low prices yesterday that are chasing now including the short sellers slowly forcing to close their positions. Keep an eye on the $2.50-2.53 range because this is the void/gap that was not even given a chance before the price slide aggressively on Monday. Thanks!
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