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Did XRP bulls get precisely sniped around 1.108?
$XRP /USDT - SHORT sell
Trading plan:
Entry: 1.1065 – 1.1093
SL: 1.1213
TP1: 1.0978
TP2: 1.0911
TP3: 1.0811
Why focus on this setup?
- The 1D trend is clearly bearish; a 95% confidence SHORT signal is issued on the 4H timeframe
- The RSI on the 15-minute chart has reached 60.06; short-term rebound momentum is about to exhaust
- The entry range 1.1065-1.1093 is tight to the 1.108 resistance; TP1 only needs 1.0978, with a reward-to-risk ratio of over 3:1
Discussion:
Will this move first rebound to TP1, or drop straight down to TP2?