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Who dumped XRP at 1.07?
$XRP /USDT - going SHORT
Trading plan:
Entry: 1.07 – 1.07
SL: 1.09
TP1: 1.06
TP2: 1.05
TP3: 1.04
Why focus on this structure?
On the 4H timeframe, the bearish trend is clear; the RSI on 15m is relatively high at 55.62, and the ATR on 1H is only 0.0072. Currently, 1.07 is an EMA resistance level, and there’s a high probability of hitting TP1 (1.06) downward. Why now? The daily is bearish + high confidence of 95%, waiting for a breakdown.
Discussion:
Will this move reach TP2 1.05 first, or will it be a fakeout sell-off followed by a rebound?