$XRP Liquidation map: Where can Agla move happen? š
XRP is now trapped between $1.35 ā $1.45. But on the chart there are two big zones where thereās more money and stuck stop-lossesāand the marketās attention will be there:
šÆ 1. Upper trigger zone ($1.75 ā $1.85)
This is where the big short sellers are. If the price breaks above $1.75 with volume, then a Fast Short Squeeze could push it straight to $2.00+.
šÆ 2. Lower target zone ($0.95 ā $1.00)
Down here thereās plenty of liquidity from over-leveraged long traders. The market maker may cause the price to drop once to $0.95 - $1.00 to shake out those weak hands (flush out). But from there, a solid bounce setup will form.
š My game plan:
The market always moves toward where thereās liquidity. Itās better not to get stuck in the middle range ($1.35ā$1.45), but to wait for the price to reach one of these two extreme levels ($1.80 or $0.95). And taking too much leverage can be dangerous.
#xrp #crypto #Ripple #TradingStrategy
XRP is now trapped between $1.35 ā $1.45. But on the chart there are two big zones where thereās more money and stuck stop-lossesāand the marketās attention will be there:
šÆ 1. Upper trigger zone ($1.75 ā $1.85)
This is where the big short sellers are. If the price breaks above $1.75 with volume, then a Fast Short Squeeze could push it straight to $2.00+.
šÆ 2. Lower target zone ($0.95 ā $1.00)
Down here thereās plenty of liquidity from over-leveraged long traders. The market maker may cause the price to drop once to $0.95 - $1.00 to shake out those weak hands (flush out). But from there, a solid bounce setup will form.
š My game plan:
The market always moves toward where thereās liquidity. Itās better not to get stuck in the middle range ($1.35ā$1.45), but to wait for the price to reach one of these two extreme levels ($1.80 or $0.95). And taking too much leverage can be dangerous.
#xrp #crypto #Ripple #TradingStrategy
