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Bearish 95% win rate, dare XRP bulls still catch the falling knife?
$XRP /USDT - Short SHORT
Trading Plan:
Entry: 1.1301 – 1.1347
SL: 1.1545
TP1: 1.1158
TP2: 1.1047
TP3: 1.0881
Why focus on this structure?
- Daily trend is clearly bearish, 1.1324 is a key resistance on the 4-hour level, EMA suppression is obvious.
- RSI 15-minute 51.3 neutral to weak, rebound is weak, downside risk not yet released.
- Currently waiting for entry, TP1 target 1.1158, risk-reward ratio near 2:1, stop loss 1.1545 reasonable.
Discussion:
Will this wave first reach TP1 take profit, or directly break through to TP2 before turning back?