XRP just broke out of a retracing downtrend channel (retracing HTF uptrend)
Once It broke out in a HTF uptrend it will take out all the top side liquidity ignoring most resistance levels since it is a parabolic liquidation event
Using Nava Imbalance Strategy
- HTF Uptrend
- LTF Downtrend w top side imbalance
- LTF breakout of channel + Retest = Entry signal
- TP HTF Liquidation event
- SL last major swing Broken + retested under confirming trend direction change
Once It broke out in a HTF uptrend it will take out all the top side liquidity ignoring most resistance levels since it is a parabolic liquidation event
Using Nava Imbalance Strategy
- HTF Uptrend
- LTF Downtrend w top side imbalance
- LTF breakout of channel + Retest = Entry signal
- TP HTF Liquidation event
- SL last major swing Broken + retested under confirming trend direction change