Don't rush to buy the XRP dip, bears are brewing a big move
$XRP /USDT - SHORT
Trading Plan:
Entry: 1.0864 – 1.0910
SL: 1.1106
TP1: 1.0723
TP2: 1.0613
TP3: 1.0449
Why focus on this structure?
- 4-hour EMA death cross confirmed, 1-day trend clearly bearish
- RSI 15m only 55.81, weak rebound, bearish momentum building
- Current price 1.0887 tight against resistance zone, best short entry point has appeared
- TP1:1.0723, TP2:1.0613, risk-reward ratio over 1:3
Discussion:
Will this SHORT hit TP2 first, or fake breakdown bounce to stop loss?