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XRP short setup with 95% win rate — will this break 1.06?
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.0901 – 1.0933
SL: 1.1068
TP1: 1.0804
TP2: 1.0729
TP3: 1.0616
Why focus on this structure?
- 4H direction is clear: SHORT, 95% confidence, daily trend is bearish, EMA resistance is obvious.
- Current price 1.0917, RSI 15min at only 40.37, momentum is weak, any bounce is a short entry.
- Key resistance 1.0933, stop loss 1.1068, TP1 1.0804, TP2 1.0729 — why now? Because RSI is not oversold, shorts haven't been fully released.
Discussion:
Which do you think will hit first — TP2 at 1.0729, or a fake breakout above 1.0933 to trap bulls?