XRP TRADES IDEA
2024-12-09

 regarding to xrp, I have booked profit at tp 1 & did not manage to book profits on tp2 as tp2 was not hit, currently waiting to see how will the price react to the 15min ob+ that it is approaching and if we manage to get a bounce from that I think I will just hold the position ad might take some manual profits as I´m yet quite unsure if we can push the price trough the ob- aka. selling pressure that has created above, also I see a great potential to short from the displacement fvg that has created as it shifted market scruture so another option is to close the position in profit at that fvg and just short from there


also lower timeframe orderblocks align with the 15min and 30min region so that indicates alot of buying pressure being located there so i most likely expect the price to bounce from there

also EMA levels were reclaimed so if we can hold the price up with the buying pressure then we have a very strong indication of continuation of the bullish trend and this might have just been used as an lq sweep liquidating high lev dummies (as I like to call it)

so far it is just a msb not a mss because we did not break trough an important level

sl moved to BE so no I have no stress haha
