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Is XRP’s rebound just a trap to lure longs? The short-side positions are already ready.
$XRP /USDT - SHORT short
Trading plan:
Entry: 1.0876 – 1.0912
SL: 1.1068
TP1: 1.0763
TP2: 1.0676
TP3: 1.0546
Why focus on this structure?
- On the 4H timeframe, the short trend is clear; on the 1D, it leans bearish. RSI on the 15m is only 54.48, and rebound momentum is weak.
- The current price is 1.0894, near the EMA resistance zone, with more downside room than upside.
- Why now? Wait for confirmation of a breakdown below 1.0876; target TP1 at 1.0763, with risk kept under control.
Discussion:
Does this first hit TP1, or does it keep ranging to lure longs before taking another leg down?