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XRP Bear Setup: Has a 95% Win-Rate Signal Been Triggered?
$XRP /USDT - SHORT sell
Trading plan:
Entry: 1.0686 – 1.0720
SL: 1.0864
TP1: 1.0582
TP2: 1.0502
TP3: 1.0381
Why focus on this structure?
- 4-hour timeframe bearish trend confirmation; RSI on the 15-minute chart is only 42, with weak momentum.
- Around 1.0703 is an ideal entry zone; TP1 at 1.0582, TP2 at 1.0502.
- Stop-loss at 1.0864; reward-to-risk is 2.5:1, suitable for short-term trading.
Discussion:
Do you think this move will hit TP2 first, or will it fake a rally up and then drop?