š XRP ALERT š„
Current Situation
1. If Entry Price is lessthan or equal to 1.000
2. Current Price: Around 1.50
ā¢ Youāve already gained ~40% profit.
Key Considerations
1. Resistance at 1.63:
ā¢ The price faces strong resistance around 1.63. A failure to break this level could lead to a retracement to support levels around 1.46ā1.40.
ā¢ If the price cannot break 1.63, the risk of losing some gains increases.
2. Bullish Momentum:
ā¢ The MACD line is above the signal line, and the histogram is positive, suggesting bullish momentum.
ā¢ RSI is at a moderate level (~46ā52), indicating room for upward movement before becoming overbought.
3. Volume:
ā¢ Volume seems to be stabilizing. A spike in volume during upward moves would confirm the strength of a rebound.
Options
1. Take Partial Profits Now (Safer Option)
ā¢ Sell 50% of your holdings at the current price (~1.50) to lock in gains.
ā¢ Let the remaining 50% ride toward 1.63ā1.70 with a stop-loss set at 1.46 to protect profits.
2. Hold for the Rebound (Riskier Option)
ā¢ If youāre confident in the market momentum, hold your position until the price approaches 1.63 or 1.70.
ā¢ However, if the price reverses and breaks below 1.46, sell to minimize potential losses.
Recommendation
ā¢ Safer Play: Take partial profits now at 1.50, then set a stop-loss at 1.46 for the remaining holdings.
ā¢ Riskier Play: Hold until 1.63. If it breaks, aim for 1.70 but exit quickly if the price fails to hold 1.46.
This approach ensures you lock in some profit while staying positioned for potential upside. Let me know if youād like help setting up alerts or managing this strategy.
