XRP fell nearly 20% in the day. The relay pattern expectation mentioned above was also destroyed in this wave of decline. As for where to stop the decline, we need to wait for the market to give a clear signal. The top range of the daily level is forming. If there is a rebound test and it is confirmed to be effective, then the bull market of XRP will need to make some downward adjustments in the short term. It is not ruled out that there will be a deeper retracement.
Several locations that need attention
Support position
First position 1.99 (under testing)
Second position 1.83-1.9
The third position 1.7-1.63
Pressure position
First position 2.21-2.29
Second position 2.4
Third position 2.57-2.62
Trading requires following the trend, going with the flow and going against it. When the trend comes, you should ride on it. When the trend changes to the opposite, you should be flexible. Fighting against the trend is like a mantis trying to stop a chariot, which will disrupt your mentality and trading rhythm.
At night, as the US stock market fluctuates, if there is too much fluctuation, friends must remember to stop profit frequently and stop loss decisively when trading. There is no point in holding orders.
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Personal opinion, please read rationally. Not investment advice.
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