JureKrasovic

XRP/USD in a channel

The price is in a channel formation that is making lower lows and lower highs, so looking at the shorter timeframe the overall trend is bearish. Two opportunities for trading open with a setup like that. One is trading inside the channel formation, placing a short when the price confirms that the resistance of the channel holds and placing a long when seeing the confirmation of the channel support. The other setup is trading the breakout in either direction. Always looking for a retest, weather the breakout is in the bullish side or bearish.

Good luck!
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