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XRP long's last line of defense broken? 95% shorting signal appears!
$XRP /USDT - short SHORT
Trading Plan:
Entry: 1.1488 – 1.1546
SL: 1.1791
TP1: 1.1312
TP2: 1.1175
TP3: 1.0970
Why focus on this structure?
- 1-day trend clearly bearish, 4h cycle confirms SHORT direction, confidence as high as 95%.
- Current price 1.1517 tightly pressing EMA resistance, 15-minute RSI only 58.7, rebound momentum exhausted.
- ATR shows volatility expansion, entry range 1.1488-1.1546, TP1 directly pointing to 1.1312.
- Why now? RSI not oversold + trend resonance, bearish breakout window is open.
Discussion:
Will this bearish wave directly smash through TP2 at 1.1175, or first lure longs back to 1.17? Where do you set your stop loss?