Points 1 and 2, red candles, I indicated the lower price limit for XRP. Point 2 practically repeated its previous decline, that is, point 1. And here it was necessary to place a buy order.

the opinion of Professor @ stream4u will be important to me. Did I understand this graph correctly?

Technically Correct.

Thank You For Showing Your Intrest to learn Crypto Trading Technical knowledge.

You have completed the homework task and made a good post, explained very nicely about why Technical knowledge is important in Trading and How to read and understand Trading charts?

Remark: Homework Task Completed.

Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy

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