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XRP around 1.08, who will the major players wait to make the first move?
$XRP /USDT - LONG
Trading Plan:
Entry: 1.0780 – 1.0828
SL: 1.0506
TP1: 1.1028
TP2: 1.1177
TP3: 1.1400
Why pay attention to this structure?
- 4-hour timeframe LONG signal, 84% confidence, but daily still bearish, this is a typical "counter-trend ambush".
- RSI on 15-minute has reached 31.1, near oversold zone, short-term rebound needed.
- 1-hour ATR is only 0.0095, volatility narrowing, breaking 1.0828 confirms direction.
- Why now? Price near EMA dense area, 1.0780-1.0828 is the LONG battle zone, stop loss clear.
Discussion:
Will this move first hit TP1 at 1.1028, or first get dumped to 1.05?