The bottom of the has been my accumulation zone, as this provides a very tight stop loss.
I am in hopes that XRP breaks the top of the here shortly.
Instead of using a break in the accululation zone as my stop loss, I plan to use a break through .72. This is because I believe a fake out is likely right before the pump. Just like on the I have shown below.
IF we ever then break upward through the downward , I plan to double up on my position.
First Major Target is set at $1-1.1
IF we break my stop loss I will look to re-accumulate around .6
Minor Resistance levels are also shown above.
I wish you all the best of luck!
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
I expect some action.