$XRP If you decide to buy at the current price (spot)

Buy Decision at the Current Price (Spot)

The current price is around 1.1035, which is close to the high liquidity area on the bid side. This is a fairly good zone for entry because it is supported by:
1. Bid Dominance (58.46%):
• Buying sentiment still dominates in this zone.
2. Rebound Potential:
• Buying volume looks quite strong at this level, with the nearest resistance target at 1.1050 - 1.1070.

Post-Buy Strategy

1. Profit Target (TP):
• Short-term TP: 1.1050 (the nearest resistance zone with many sell orders).
• If the bullish momentum strengthens, you can maintain the position up to 1.1070.
2. Stop Loss (SL):
• Set SL at 1.0990 to limit risk in case of bearish trend reversal.
3. Risk Management:
• Adjust position size so that maximum risk on SL remains within your tolerance, for example 1-2% of capital.

Risks to Watch Out For

• If selling pressure in the 1.1050 zone cannot be penetrated, the price is likely to correct downwards again.
• Negative cash flow in the last 24 hours (-35 million) indicates that the market is still vulnerable to selling pressure on a larger scale.

Recommendation:

• If you buy at the current spot (1.1035), this is a fairly good decision as long as the profit target and stop loss are executed with discipline.
• Keep monitoring the movement of volume and activity in the order book to see if buying pressure continues or there is an increase in selling pressure.