$XRP is quite hard. XRP has not even broken 2 in the past few days. It is beyond imagination. If you choose a fake spot, you have to choose the one that can withstand the decline. Don't choose the one that will directly release the flood after the big cake just fell a little.
Now you can intervene in the first position of the fake target you like, or you can invest 20%-30% of the spot first position according to your own funds. Isn't it great to make 20% while others recover their capital?
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Look at the picture: XRP seems to be in the W bottom pattern at the daily level. If the W bottom at the daily level wants to form, it must break through and stand firm at the neckline of the daily level at 2.6 to challenge the previous high or new high, otherwise it can only fluctuate and consolidate within the pregnancy line at the daily level.
The Fibonacci 1:1 retracement level at the same daily level is 1.72, and the lowest pin point yesterday was 1.9458 and did not retrace in place.
If the big cake continues to fall and breaks the 90,000 integer mark, xrp will most likely go to around 1.618, and the corresponding price is 1.1.
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The xrp daily level entity cannot fall below the price of 2.0 indicated by the yellow arrow. Once it falls below the daily level, it will start to pull back and look conservatively at around 1.89-1.55-1.27. And the white arrow on the daily level indicates that the daily line looks like it will burn incense. We will know whether it is in the form of burning incense by the closing line at 8 o'clock tomorrow morning.
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If the daily level is going to burn incense, it can basically be confirmed that the daily level callback has begun. And the daily line closed yesterday has volume but no price, which is also a useless K line. If the daily level goes through a double needle bottoming 2.0, it cannot be broken. If it falls below the double needle bottoming, it will no longer exist.
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The position where the spot can be laid out, the three positions marked in the figure are all positions where the spot can be intervened. Buy and hold, and lie flat if it falls. Do a good job of position management and adjourn the meeting.
