Lingrid | XRPUSDT making LOWER Lows

The price of XRPUSDT is making lower lows and lower closes. The market made a pullback from the support and retested the resistance level at 0.5300. The price basically made a fake breakout of the level, which indicates that bulls are not willing to buy at those prices. I think the market might move towards lower support levels because, on the 4H timeframe, the price formed a long-tailed bar, rejecting the resistance. I expect the XRP to retest the move lower to round number at 0.5000. My goal is support near 0.5100


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade geschlossen: Ziel wurde erreicht:

The price hit TP)