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I just spotted a bearish trap forming on XRP that most bulls are ignoring.
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1112 – 1.1120
SL: 1.1249
TP1: 1.1016
TP2: 1.0949
TP3: 1.0849
Why this setup?
90% confidence short bias with 1D trend bearish. RSI on 15m at 65.49 signals overbought exhaustion. Entry at 1.1116 with TP1 at 1.1016 gives a quick 1% drop before the real move. Why now? The 4h timeframe shows price rejecting resistance exactly at the invalidation level of 1.1123.
Debate:
Are we getting a fakeout pump to 1.1249 before the dump, or is this the exact short entry?
#PredictWorldCup🇳🇴vs🏴