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XRP’s fake breakout at 1.111—did you get on board?
$XRP /USDT - SHORT (sell)
Trading plan:
Entry: 1.109 – 1.113
SL: 1.135
TP1: 1.093
TP2: 1.081
TP3: 1.063
Why focus on this structure?
- Clear bearish trend on the 1D; a SHORT signal on the 4h timeframe, confidence 80%
- 15m RSI 63.5; after being overbought in the short term, there’s heavy pullback pressure
- Best entry point is 1.111: TP1=1.093, TP2=1.081, SL=1.135
- Now is the entry window: if it drops below 1.103, the signal is invalid
Discussion:
Will this bearish move hit TP2 first, or will it do a long-bait and then rebound?