đ XRP/MXN Technical Analysis:
1. Support and Resistance Levels:
- Support: The current support level is around 11.299 MXN, where buyers historically step in.
- Resistance: The key resistance level is approximately 12.000 MXN, where selling pressure tends to increase.
2. Price Movement:
- XRP/MXN has recently experienced a 4.81% decrease, signaling a bearish trend.
- Previous price: 11.440 MXN (24 hours ago).
3. Entry Strategy:
- Consider entering long positions if the price bounces off the support level.
- For short positions, wait for a clear break below support or a rejection at resistance.
4. Attractive Pattern:
- The bullish hammer candlestick pattern formed recently, suggesting potential reversal.
- Keep an eye on this pattern for further confirmation.
:Remember to combine technical analysis with fundamental factors and stay informed about geopolitical events that impact the crypto market. Happy trading! đčđ
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