On December 1, 2024, the monthly line will open, expecting the overall market to rise to $116,000, and then quickly drop to around $100,000; last time, the opening prices of $72,500, $72,000, and $71,500 were used for the monthly short strategy.
This time, shorting is not recommended. This time is completely different from last time; the last technical aspect was the weekly golden cross position, which is often favored by bears for a reversal; after the big coin's monthly surge on December 1, 2024, it will quickly pull back, making it the best time to enter altcoins like XRP.
XRP is the one that likes to be late. On December 1, 2024, when the monthly line opens, the overall market is expected to surge to $116,000 and then pull back. XRP will also pull back to below $0.5, with Ripple's hanging order for long positions set at layers below $0.5 to $0.4, $0.38, $0.35, $0.3, with more than 8 layers of heavy positions.
The hanging order is based on the nature of altcoins following declines but not rises, as well as the monthly pullback of the overall market, while XRP needs to wash out the previous bullish candle for the start of the month; therefore, the hanging order is set below $0.5.
In the past, XRP's bullish phases always lagged behind, ranking last, with the overall market progress around 95%. XRP would quickly wash the market down to below the opening price of the previous month to pull up after getting the lower wick of the month; then, it would complete the entire bull market in just four short weeks.
