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XRP longs beware! 4H shows a "fake breakout" signal
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1047 – 1.1081
SL: 1.1232
TP1: 1.0938
TP2: 1.0854
TP3: 1.0728
Why this structure?
- Price currently near 1.1064, 1H RSI at 68.56 close to overbought zone, short-term pullback pressure is high.
- 4H EMA bearish alignment, 1D trend clearly bearish, 95% short signal triggered.
- Why now? Price is exactly testing EMA resistance, and ATR shows volatility expanding, short window opening.
Discussion:
Will this short directly dump to TP2 at 1.0854, or first pump to 1.1140 before dumping?