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Where is the final stronghold for XRP bulls? Losing 1.10 means a waterfall.
$XRP /USDT - Short SHORT
Trading plan:
Entry: 1.1009 – 1.1041
SL: 1.1183
TP1: 1.0907
TP2: 1.0828
TP3: 1.0709
Why watch this setup?
- 4-hour EMA bearish alignment; RSI on the 15-minute chart is only 39.06, and momentum is fading.
- Daily bearish trend confirmed; ATR volatility is 0.0066, and downside room is open.
- Current 1.1025 is the rebound limit; once 1.1009 breaks, directly target TP1 1.0907.
Discussion:
Will this move first reach TP2 1.0828 and then rebound, or will it lure shorts to liquidate directly?