Ripple: Trading Opportunities in a Volatile Adjustment
Market Analysis
Ripple has been experiencing continued volatility recently, with prices testing key support areas. Market trading sentiment is relatively cautious, but there is potential for short-term operations within the fluctuations.
Support and Resistance Levels
• Support Levels: $2.25, $2.20, $2.15
• Resistance Levels: $2.35, $2.40, $2.45
Short-term Trading Strategies
Long Strategy (Bullish):
• Entry Point: $2.28
• Add Position Point: $2.25
• Stop Loss Point: $2.14
• Take Profit Targets: $2.35, $2.40, $2.45
Short Strategy (Bearish):
• Entry Point: $2.35
• Add Position Point: $2.40
• Stop Loss Point: $2.46
• Take Profit Targets: $2.28, $2.25, $2.20
My Prediction
Based on the current technical performance, Ripple may continue to test support downwards. It is recommended that investors closely monitor the $2.25 area, with a short-term bias towards laying out short positions.
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