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This XRP short signal—are you brave enough to follow?
$XRP /USDT - SHORT
Trading Plan:
Entry: 1.1439 – 1.1493
SL: 1.1724
TP1: 1.1272
TP2: 1.1143
TP3: 1.0950
Why focus on this structure?
- 4-hour level bearish confirmation, 95% confidence, and the trend is clearly moving downward.
- Current price is around 1.1466; RSI (15m) at 58.82 hasn’t reached overbought yet, with room to the downside.
- Why now? The 1D trend is already bearish, with clear EMA resistance, and the bearish momentum hasn’t fully been released.
- TP1: 1.1272, TP2: 1.1143, SL set at 1.1724—an appealing risk-reward ratio.
Discussion:
Will this move hit TP2 first, or is it a bull-trap rally? Drop your thoughts in the comments!