$xrp long entry 
2024-12-20
Category: None


### **Market Context:**
- **Support Zone:** Price has reacted strongly from the FVG (Fair Value Gap) near the $2.21 - $2.15 region, showing bullish demand in this area.
- **Resistance Levels:** Immediate resistance is around $2.39, with further key levels at $2.70 and $2.92.
- **Order Block (OB):** Notable bearish order block marked near $2.70, which can serve as a potential take-profit area.

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### **Key Observations:**
1. **Bullish Structure:** 
   - The price has established a bullish market structure shift (MSS) after revisiting demand zones.
   - EMAs are aligning closely, suggesting consolidation before a potential breakout.

2. **Liquidity Grab:** 
   - The recent dip into the FVG signals a liquidity grab, hinting at bullish accumulation.

3. **Risk-Reward Setup:**
   - The long position setup reflects a favorable risk-reward ratio, with the stop-loss below $2.15 and targets extending to $2.70 and potentially $2.92.

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### **Trade Plan:**
- **Entry:** Around $2.32 - $2.36 (current price zone).
- **Stop Loss:** Below $2.15 to account for a safe invalidation.
- **Targets:**
  - **TP1:** $2.70 (resistance near the OB zone).
  - **TP2:** $2.92 (major resistance and psychological level).

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### **Notes for Traders:**
- Watch for volume confirmation as the price approaches resistance levels.
- If price retraces to the FVG ($2.21 area), consider it an opportunity to add to the position.

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Keep your risk management tight and follow the plan!