$XRP Liquidated Long: 88.6K at2.065
Big Move in the Market!
- A massive liquidation just occurred on #XRP with a long position of 88.6K at2.065! This signals high volatility and could lead to a potential price swing in either direction.
---
Key Levels to Watch:
- Support Level: 1.95 - This is a crucial area where $XRP might find buying interest. A bounce here could indicate a potential reversal.
- Resistance Level: 2.25 - Watch for any rejection at this level. If price breaks above 2.25, we could see further gains.
Next Move Strategy:
1. For Buyers:
- Entry Price: Consider entering around 1.95 if price shows signs of support. This level has held strong in the past, and a bounce could lead to a potential rally.
- Target Price: Aim for 2.25 (Resistance) for profit-taking.
- Stop-Loss: Set your stop-loss below1.90 to manage risk.
2. For Sellers:
- Entry Price: If price struggles to break above 2.25, consider selling. A rejection at this level could send the price back towards 1.95.
- Target Price: You can aim for the support zone at 1.95.
- Stop-Loss: Place stop-loss above2.30 to limit losses in case of a breakout.