📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
---
📊 Technical Strategy: "Bullish Rebound with Confirmation and Risk Zone"
This strategy is based on the technical analysis of the price behavior of XRP against USDT in a 4-hour time frame, identifying key areas of support, resistance, trends, and trading levels.
---
🧠 Key Components of Analysis
1. General Trend
Bullish Trend (low zone of the chart): A change in direction is observed with higher lows, indicating buying strength.
Bearish Trend (upper zone of the chart): It is evidenced by lower highs, which previously pushed the price down.
2. Technical Areas
Floor (Strong Support): At the level of 2.09 USDT, where the price rebounded strongly. It is the recommended point to open a long position (Open Long).
Risk Zone: Between 2.30 - 2.35 USDT, marked in red. It is an area where the price has had previous rejections, so it may present volatility or pullbacks.
Ceiling (Major Resistance ): Upper area where the price was previously rejected strongly.
Take Profit: Level of 2.4547 USDT, suggested as an exit target to capture profits.
3. Ingresses and Egresses
✅ Recommended Long Entry (Open Long): At 2.09 USDT, after confirming a bounce on support.
🎯 Profit Target (TP): At 2.4547 USDT.
⚠️ Watch Zone: If the price is in the risk zone, it is recommended to observe before making decisions.
4. Confirmation of Entry
An upward trend line was drawn as validation that buyers are taking control.
The entries were marked with green boxes, showing moments of successful bounces that could indicate the continuation of the upward momentum.
---
🧩 Summary of the Strategy
Strategy Type: Technical Trading – Long (bullish)
Assets: XRP/USDT
Recommended entry: Confirming bounce at 2.09 USDT
Critical surveillance zone: 2.30 - 2.35 USDT (risk zone)
Take Profit: 2.4547 USDT
Additional confirmation: Rising lows and breakouts of local resistances