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Trading signals! | #XRPUSDT
▪️Trade type: Buy limit order ▪️Starting price: 0.5483 ▪️Take profit: 0.5807 ▪️Stop loss: 0.5250 ▪️Related: October 17, 2024 ▪️Comment: We continue to consider scenarios for the XRP cryptocurrency market asset. At the moment, there is a corrective movement within a local uptrend. Current levels and areas are formed below the current price and act as support. With such formations, it makes sense to continue to consider long-term trading within the framework of intraday trading. We placed a buy limit order at the upper border of the newly formed support area of 0.5440 - 0.5382. Stop losses are placed beyond the lower border to take into account false breakouts according to the rules of the trading algorithm. These manipulations provide additional protection and limit the risk. After opening the order, we expect an upward movement with the possibility of reaching the first resistance level of 0.5916, before which we set a take profit. The risk-reward ratio is satisfactory. Analysis of the XRP derivative (futures) chart confirms the correctness of our actions, as the price is trading above the key support level of 0.5359. Above is the resistance level of 0.5686. Move the stop loss to the breakeven point to protect open positions during testing. Potentially, the asset is moving towards the key resistance area of 0.5896 - 0.5880. Today we set the expiration date for the order opening, and intraday trading is short-term. As soon as it starts working, applications will appear for this position. The order complies with all the rules of the trading algorithm and we act accordingly. Profits and financial well-being to everyone 🤝Trading support - t.me/addlist/1tRFE2bSkE04MWNi