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More than 92% of longs on XRP are being liquidated—whose side are you on?
$XRP /USDT - Short
Trading plan:
Entry: 1.0681 – 1.0711
SL: 1.0840
TP1: 1.0588
TP2: 1.0516
TP3: 1.0407
Why focus on this structure?
- 4-hour timeframe bearish signals confirmed; the daily trend is clearly bearish, and EMA suppression is obvious.
- RSI on the 15-minute timeframe is only 55.37; rebounds have no strength, and bearish momentum is building.
- ATR is only 0.006; volatility is narrowing—breakout is imminent. Current 1.0696 is the reference level for a short entry.
- Why now? 95% confidence on the short side. TP1 is at 1.0588, TP2 at 1.0516, with odds better than going long against the trend.
Discussion:
Will this dump hit TP2 first, or will it be a stop-hunt rebound? Where are you setting your stop loss?