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Is the XRP bulls still waiting for a miracle? The 4-hour shorts have quietly positioned themselves.
$XRP /USDT - SELL SHORT
Trading plan:
Entry: 1.1243 – 1.1281
SL: 1.1499
TP1: 1.1084
TP2: 1.0965
TP3: 1.0788
Why focus on this setup?
- 4-hour timeframe data clearly points to SHORT; the 1D trend has confirmed the bears.
- RSI on the 15-minute timeframe is 66.79, nearing the overbought zone, leaving limited room for a short-term rebound.
- Entry reference at 1.1262, with TP1 at 1.1084, TP2 at 1.0965, and stop loss at 1.1499.
- Why now? Bearish momentum is building, waiting for a pullback to short.
Discussion:
For this short position, do you first look at TP1, or slide straight to TP2?