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Is the market maker setting up a short trap on $XRP /USDT?
XRP_USDT - SHORT
Trading plan:
Entry: 1.0856 – 1.0890
SL: 1.1040
TP1: 1.0748
TP2: 1.0665
TP3: 1.0540
Why focus on this setup?
A 95% win-rate bearish signal has been triggered! 4H bearish + 1D bear trend, with an EMA resistance level at 1.0873. The RSI on 15M is only 52.92, and the rebound lacks strength. TP1: 1.0748, TP2: 1.0665, with SL set at 1.1040. Why now? The end of the bear flag pattern, shrinking volume, and shorts accumulating energy.
Discussion:
Will this move reach TP2 first, or will it lure a rebound to 1.10 before dropping?