XRP FORMING Descending CHANNEL 🤔🔻🤔🔺️

Hi dear traders
XRP moving in descending channel.
As you can see breakout Ascending channel, but I think this is fake breakout.
We can open short position with suitable R/R.
All targets specified.
Let's see what happens
This is not financial advice ( DYOR )
Good luck

Kommentera:

Tp 0.5 hit ✔

Kommentera:

Save some profit now.
The price retest 0.5 area as R/S , if loses this area then next support area 0.618 Fibonacci ( 0.48) .
Let's see what happens

Kommentera:

Hi dear traders
Price tested the 0.5 area as support.
It is now moving towards the 0.525 resistance, if it breaks this resistance the next targets in the short term are 0.536 and 0.57.
We save porofit in 0.5
Let's see what happens
Good luck

Kommentera:

Tp 0.525 hit 🎯

Kommentera:

Hi dear traders
The price bounced back from the 0.525 resistance.
It is now testing the 0.5 area as support. If it loses this area, the price will fall to the support area near 0.48.
For a short position with less risk, you can wait for the breakdown and confirmation of this area.
Let's see what happens