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XRP bearish signal this round—are you brave enough to short it?
$XRP /USDT - SHORT
Trading plan:
Entry: 1.1106 – 1.1140
SL: 1.1284
TP1: 1.1003
TP2: 1.0922
TP3: 1.0802
Why focus on this structure?
- RSI on 15m has reached 69.1, approaching the overbought zone, with a 4h EMA bearish alignment holding it down.
- The 1D trend is clearly bearish. The current 1.1123 is a short entry on the rebound. TP1 at 1.1003, reward-to-risk 1:2.7.
- Why now? RSI turning + EMA dead cross resonance—SHORT window is open.
Discussion:
Will this move hit TP2 at 1.0922 first, or is it just a bull trap rebound?