The SEC v. Ripple case is finally over and XRP prices skyrocketed 20% today.

This is a recorded video from our 24/7 live stream showing Sweet Pump +20% on August 8, 2024

Description of the live stream:

What you see is an educational LIVE chart for XRP
– Easy to read and understand
– With clean and simple setup

The chart is set to the M5 time frame, which means that each candle = 5 minutes
The pair shown in the chart is XRP/USDT
MADE ONLY FOR THIS CHANNEL AND THE YOUTUBE COMMUNITY
WE SHOW HOW TO CORRECTLY UNDERSTAND THE CHART. WE DO NOT TRADING HERE.

This live stream shows a trading chart. It is a standard chart, but unlike other platforms, it has been modified to show the current market developments in a simple and easy to understand way.

This live broadcast is intended to convey basic rules and is of an educational nature. In this live stream we will show you how to properly understand the market and price movements.

We do not take risks, trade, or sell financial services, and we follow all YouTube community rules.

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️ HOW TO UNDERSTAND SUPPLY AND DEMAND ZONES CORRECTLY:

1. Identify supply and demand zones:
Green rectangles represent supply zones.
Orange rectangles represent demand zones.

2. Enter a potential trade in demand or supply zones:
When price enters an orange (demand) zone, check if your indicator generates a BUY SIGNAL, which could be a potential buy signal.

When the price enters the green zone (offer), check if your indicator generates a SELL SIGNAL, which could be a potential sell signal.

3. Entry only with confirmation from supply and demand zones:
Before entering a trade, confirm that the BUY SIGNAL or SELL SIGNAL matches the current supply or demand zone. The signal is stronger when it is closer to the zone and it is recommended to use signals that are just inside the zones. This provides a more robust confirmation of the potential trade setup.

4. Risk management.
Determine the risk for each trade and follow risk management principles. ALWAYS set a stop loss to minimize losses.

5. Experiment on a demo account:
Learn and experiment with it on a demo account, do not use real money, to better understand its behavior.

6. Pay attention to possible deviations:
Watch for situations where the price enters a supply or demand zone, but the indicator does not provide a corresponding signal. This may indicate a possible divergence and requires caution.

7. Monitoring macroeconomic events:
Stay informed about macroeconomic events that may affect the market, as such events may affect the effectiveness of the indicator.

SIGNAL CONFIRMATION RULE: Market conditions change every second.
It is important to wait for the signal candle to close to confirm the validity of the signal.
Patience is key as the signal may disappear if it is not confirmed by the closing of the candle.

For a guide to understanding the signals and zones in our live streams, see here:
https://youtu.be/Snnk4nnTa7U

Chart data source: TRADINGVIEW www.tradingview.com
Source of the book card: The Kingfisher https://thekingfisher.io
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️ Disclaimer:
We would like to stress that the information provided in our live stream, including the live trading chart with indicators, is for educational purposes only and should not be construed as financial advice. It is important that you conduct your own research and consult a licensed financial professional before making any financial decisions.

We are YouTubers, we don't trade on YouTube
We are not taking any risks here and we are not playing games of chance!
Everything you see here was created with the purpose of teaching and education.
Take responsibility for yourself
WE DO NOT TRADING ON YOUTUBE!
WE DO NOT PROVIDE FINANCIAL OR MONEY RISK SERVICES.

Transparency and disclosure:
I want to make it clear that I have no financial relationships, affiliations or sponsorships with any of the companies or institutions mentioned in this live stream. My analysis is unbiased and based on independent research. Remember to do your own research as trading involves risks.

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CHANNEL WEBSITE: www.forexeducation.live
Twitter X: https://twitter.com/Ic3WND
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Blogger: https://www.blogger.com/blog/posts/4096702608603406119
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