XRP is potentially in a bearish momentum at the moment and potentially bullish on a daily time frame. This could mean one of the best times to set up a SPOT GRID.
The GRID uses the key levels based on the calculations made by my key level indicator. I made major adjustments in the formula hoping that price will better respond and react to each key level. This is my first time to post this trial and do a forward testing (backtesting results were promising).
I would start my GRID at the Median 50% to 15% level. If price closed below the Upper 50%, price will likely retest the Median 50% and most likely gather more volume at the Lower 50% and 30%.
Price may then rise up at that point when enough volume of buyers are gathered. I will close the GRID when price reached the 70% level or when target profit of 1 to 2 percent is reached.
However, it is also likely that price may hover between the Median 50% and Upper 50% if the volume of buyers are enough to sustain the upward momentum
Prevailing support zone is between 52960 and 53500 level.
The GRID uses the key levels based on the calculations made by my key level indicator. I made major adjustments in the formula hoping that price will better respond and react to each key level. This is my first time to post this trial and do a forward testing (backtesting results were promising).
I would start my GRID at the Median 50% to 15% level. If price closed below the Upper 50%, price will likely retest the Median 50% and most likely gather more volume at the Lower 50% and 30%.
Price may then rise up at that point when enough volume of buyers are gathered. I will close the GRID when price reached the 70% level or when target profit of 1 to 2 percent is reached.
However, it is also likely that price may hover between the Median 50% and Upper 50% if the volume of buyers are enough to sustain the upward momentum
Prevailing support zone is between 52960 and 53500 level.