🔥🔥🔥BEST ENTRY POINT FOR XRP🔥🔥🔥
Looking at this 15-minute chart for XRP/USDT, here are some observations and considerations for finding the best entry:
1. Support Zone:
• The recent low at 1.2833 could act as a key support level. If the price revisits this level with reduced volume, it may indicate a potential entry point for a bounce.
2. Moving Averages:
• The MA(7) (yellow line) is currently curving upward, suggesting short-term upward momentum.
• The price is above MA(25) (pink line) and MA(99) (purple line), indicating bullish potential in the short term. A pullback to the MA(25) or MA(7) might provide a better risk-to-reward entry.
3. Volume Analysis:
• Volume spikes near the bottom (e.g., the candles at 1.2833) suggest buying interest. Look for similar patterns if the price drops again.
4. MACD:
• The MACD line has crossed above the signal line but remains close to zero, indicating weak but building bullish momentum. A deeper MACD crossover or divergence could confirm a stronger upward trend.
5. Resistance Zone:
• Recent resistance is visible at 1.4282. If the price approaches this level again, it may face selling pressure.
Entry Plan:
• Aggressive Entry: Around 1.37 (near MA(7)) if momentum continues upward.
• Conservative Entry: Near 1.30–1.32, closer to the support level and MA(25), to minimize downside risk.
• Use tight stop-losses below 1.28 for any entries to manage risk effectively.