Based on the chart provided:
Analysis:
$ETH (Ethereum): Current price is $3,474 with a 2.66% increase. The bullish momentum suggests potential for further upside. Entry at $3,475 could be considered for a long position.
$DOGE (Dogecoin): Price is $0.33581, up by 5.18%. This significant spike indicates strong buyer interest. Entry for a long position near $0.336 is an option if the trend sustains.
$XRP : Trading at $2.3025 with a 3.12% gain. XRP shows steady growth, making it suitable for both long and short trades depending on market confirmations.
Strategy:
1. $ETH: Go long with a stop loss at $3,420 and a target of $3,600. Avoid shorting unless the price breaks below $3,420 with volume.
2. $DOGE: Enter long at $0.336 with a stop loss at $0.320 and a target of $0.360. Avoid shorting as momentum favors buyers.
3. $XRP: Consider a short if $2.30 fails to hold, with a stop loss at $2.35 and a target of $2.20. Alternatively, for long positions, enter above $2.32 with a target of $2.40.
Key Takeaway:
Market sentiment appears bullish. Prioritize long positions on ETH and DOGE. XRP requires caution—monitor levels closely for confirmation. Always set stop losses to manage risk effectively.
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