Work Smart, not Hard, Join the revolution!
Abundance & Generational Wealth - FinTech!
XRP HBAR +TEL XDC FLR DAG VRA ALGO CSPR ADA VET QNT csc SUI RIO RNDR
Right now $XRP on the 2 week RSI is more oversold than the bottom of our 2018-2020 bear market, and the 2022-24 bear market.
Does this mean we are at a low? No.
But it does mean in terms of momentum, this is the lowest we've ever been. I've been arguing this pull back has been worse than most we've experienced throughout history in terms of direction with no relief and speed of the pull back. This confirms it.
Couple that with Fear and Greed index being at an 8.
If we add that we have massively mismatched liquidity to the upside, we can see that DCAing here is probably a fantastic idea.
Using the simple heat maps (swing), I would suggest that around $0.91 would be the perfect entry. This would clear most of the downside liquidity and would leave market makers a clear path to chase and liquidate the $281M in shorts up to $3.25.
A reminder to stay safe against all malicious actors, and when in doubt always verify first.
All official Flare communication channels can be found here: https://t.co/wh76QK4lEo
Modern man is frantically trying to earn enough to buy things he's too busy to enjoy.
The best things in life are free, be sure to make time to enjoy them.