We are going to approach XRPUSDT differently. If you read the Solana trade-idea, you know that we are using a strategy based on accumulation to enter a LONG position. With XRP we are using a different approach and this is because these two charts are quite different. For XRP, we will wait for confirmation. Let me explain.
The retrace/correction/consolidation period can last for as long as it wants, we have no way to determine when it will be over. Sometimes we go into the chart and start to calculate time predictions based on past action and we feel very confident and the market moves completely different to whatever numbers we came up. That's why we focus on resistance and support rather than specific dates. The levels where a pair will find support or resistance are easy to spot, but it is very hard to predict when exactly the market will move because this happens based on many varied events. It can be the choice of a single entity or a group, it can be a market development, some news event, etc. Information we don't have access to.
When will it grow?
We can make some approximations.
Is it growing?
When the next move is in and confirmed we can tell with a very high level of accuracy. While we cannot predict exact timing, when it is happening the market gives very strong and clear signals; the point of no return.
There is a moment when the decision is made and there is no going back. This is how we will approach our next XRPUSDT LONG Leveraged trade. We will wait for market confirmation and profit all the way to the moon.
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.