📊 XRP/USDT Trading Signal Update
🔍 Current Overview
We are analyzing the XRP/USDT Perpetual Contract on Binance, focusing on the bullish phase forming on the chart.
📈 Bullish Phase Formation
From the point indicated by the green arrow, XRP appears to be in a bullish phase, resembling an ABC pattern. Currently, we are in Wave B, which is taking the shape of a triangle, with our position in Wave D of that triangle.
📍 Entry Strategy
We are looking for buy/long positions within the green range. If the price retraces to this range, we will enter our position.
🎯 Target Levels
Target levels are clearly marked on the chart for your reference.
🚨 Important Note
A daily candle close below the invalidation level will invalidate this analysis.
🛡️ Risk Management
Please remember to implement stop loss strategies and adhere to strict capital management.
Feel free to comment if you have any questions!
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