Last chance for XRP bulls to escape?



$XRP /USDT - Go SHORT

Trading plan:
Entry: 1.1136 – 1.1160
SL: 1.1261
TP1: 1.1063
TP2: 1.1007
TP3: 1.0922

Why focus on this setup?
- The 1-day timeframe trend is clearly bearish, and the 4H cycle confirms a SHORT signal.
- The 15-minute RSI is only 58.4, not yet in the overbought zone; upside rebound momentum is insufficient.
- Current price 1.1148 is close to the short entry zone; TP1 at 1.1063 offers a good risk-reward ratio.
- Why now? Bearish EMA alignment is suppressing price, creating a window to short on any rebound.

Discussion:
Will this short reach TP1 first, or will it be a stop-hunt rebound that wipes out longs?
XRP1.00%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments