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Can you dare to follow this XRP bearish signal?
$XRP /USDT - Short SHORT
Trading plan:
Entry: 1.0928 – 1.0954
SL: 1.1067
TP1: 1.0846
TP2: 1.0783
TP3: 1.0688
Why focus on this setup?
- On the 4H timeframe, the bearish trend is clear, and the 1D is also bearish—big timeframe confluence.
- Current price is 1.0941, RSI on the 15m is already 35.67; it’s nearing oversold but hasn’t reversed yet—the bearish momentum is still there.
- SL at 1.1067 is tight, and the risk-reward ratio is excellent: TP1 1.0846, TP2 1.0783, TP3 1.0688.
- Why now? The trend hasn’t broken, RSI hasn’t gone overbought, and the entry is below the resistance zone—risk is controllable.
Discussion:
Will this short reach TP2 first, or will it trigger SL for stop-out scanning first?