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XRP bearish signal has been triggered—95% win rate, dare to follow?
$XRP /USDT - short SHORT
Trading plan:
Entry: 1.1149 – 1.1173
SL: 1.1279
TP1: 1.1072
TP2: 1.1013
TP3: 1.0925
Why focus on this setup?
- 4-hour timeframe confirms a bearish trend, the daily moving average is under pressure, and an EMA death cross is about to form.
- RSI on the 15-minute chart is only 63, not overbought yet, with room for downside.
- Current price 1.1161, stop loss 1.1279; risk/reward is over 2:1. TP1=1.1072, TP2=1.1013.
- Why now? Wait for 1.1127 to confirm as the breakdown level, and the short move will accelerate.
Discussion:
Will this leg reach TP2 first, or will it be a bull trap rebound? Drop your take in the comments!