XRPUSD: Buying Opportunity at Support
The price broke the local downtrend lines but the buyers couldn't develop a new uptrend. The market continued the sideways movement between the support and resistance levels. Now the price is at the support and SMA200. It gives a new buying opportunity. Stop orders must be placed below SMA200. The resistance zone should be the main profit target.
If the price moves above 0.26$, we will be able to talk about a new uptrend with the main target at 0.33$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price moves above 0.26$, we will be able to talk about a new uptrend with the main target at 0.33$ resistance.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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