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XRP bulls beware, 4-hour bear trap in place?
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.0984 – 1.1026
SL: 1.1206
TP1: 1.0854
TP2: 1.0754
TP3: 1.0603
Why this setup?
- 1D trend is clearly bearish, RSI 15-minute overbought zone (63.24) suggests short-term pullback pressure.
- Current price 1.1005, right at EMA resistance zone, bearish signal with 95% confidence.
- Best entry range 1.0984-1.1026, stop 1.1206, first target 1.0854.
Discussion:
Do you think it will drop straight to TP1, or pump to trap bulls before falling?