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XRP bearish signal 95%, a 4-hour reversal is imminent?
$XRP /USDT - Go short SHORT
Trading plan:
Entry: 1.0779 – 1.0811
SL: 1.0950
TP1: 1.0679
TP2: 1.0601
TP3: 1.0485
Why focus on this structure?
- The daily trend is clearly bearish, with weak ranging under 4-hour EMA pressure.
- Current price 1.0795 is near the short-entry zone; RSI on the 15-minute timeframe is 51.37, not overbought, with ample downside room.
- SL is 1.0950; the risk-reward ratio is over 2:1. TP1 1.0679, TP2 1.0601.
Discussion:
Will this move reach TP2 first then bounce back, or will it directly fake a rally and sweep stops?