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XRPUSD D1: 50% correction warning S/R WEAK 60c(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don’t overleverage.
NOT a setup to SHORT XRPUSD. Just showing
signs of weakness and recommend to stay out
of this market into the correction.

🔸 Summary and potential trade setup
::: XRPUSD daily chart review
::: updated/revised outlook
::: expect cycle low at 6-8 cents
::: later July/August 2022
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: 60 cents S/R level is WEAK NOW
::: S/R was re-tested produced WEAK bounces
::: price/ RSI div very clear on D1/H8 TF
::: also noteworthy sequence of lower highs
::: pullback required to attract
::: new buyers from the lows
::: 40-60% correction possible next
::: 4-8 weeks in May/June 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don’t get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/ RALLIS
::: TP BEARS is +50% gains – near 30/25 cents
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.