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The last carnival for XRP longs? The 4-hour signal has flashed red.
$XRP /USDT - SHORT
Trading Plan:
Entry: 1.0951 – 1.0991
SL: 1.1163
TP1: 1.0827
TP2: 1.0730
TP3: 1.0586
Why pay attention to this structure?
- 1-hour EMA resistance at 1.0971, 1D trend clearly bearish, RSI 15m only 56.6, weak bounce.
- Why now? 95% short confidence, ATR volatility only 0.008, after narrow consolidation high probability of breakdown downward.
- Targets TP1 1.0827, TP2 1.0730, stop loss 1.1163, risk-reward ratio over 2:1.
Discussion:
Will this wave reach TP2 first, or is it a bull trap? Have you placed your order?