XRP DAILY

3 févr.

XRP close to retesting the 1D 200 EMA for the first time since the US election. For now I can see a few key levels that create a smaller mini range made up of the DAILY RESISTANCE as the top, KEY S/R as midpoint and BULLISH ORDERBLOCK as the low which will coincide with the 1D 200 EMA soon.

- Current price action is extremely volatile so directionally it's difficult to tell where we are goin in the short term, but I would become interested at the extremes of the mini range.

- A LONG entry would be a more gradual revisit of the Bullish Orderblock and the 1D 200 EMA, that would be a great place to go long because the directional bias would be more clear and uncertainty cleared up.

- A SHORT would be a sweep of the supply zone and drop back into the mini range which would aim to go towards the midpoint and then range low/ 1D 200 EMA.

In general the next few days will be volatile, FOMO will be huge but keeping rational is important.

4 févr.

Note

The SHORT trade is in play, sweep of the supply zone above daily resistance and now back within the mini range, targeting key S/R (midpoint) and bullish orderblock.

Invalidation on reclaim of daily resistance.