XRP/USDT intraday trading strategy
Current price: 2.733 USDT
Period: 1 day
Buy low strategy (long order)
Entry price: 2.65 - 2.70 USDT
Take profit price: 2.90 - 3.00 USDT
Stop loss price: 2.60 USDT
Strategy logic:
From the 1-hour and 4-hour charts, the short-term price callback to EMA (7) and EMA (25), and the weakening trading volume indicates that the callback pressure is limited. At the same time, the RSI is between 50-60, indicating that the bulls are still dominant. It is recommended to buy low at the support level, and the target is the previous high area.
Sell high strategy (short order)
Entry price: 2.90 - 3.00 USDT
Take profit price: 2.70 - 2.65 USDT
Stop loss price: 3.05 USDT
Strategy logic:
The daily level shows that the price is close to the overbought area (RSI > 90), and the short-term volume is stagnant. If the price cannot break through the strong resistance area of 2.90 - 3.00, you can try to arrange a short order with a light position in this area, and the target is to look back to the support level of 2.70.
Please strictly stop loss and take profit according to the real-time market, and adjust flexibly! $XRP
