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XRP bear trap—who’s the one who will be left holding the bag?
$XRP /USDT - go SHORT
Trading plan:
Entry: 1.0908 – 1.0930
SL: 1.1027
TP1: 1.0838
TP2: 1.0784
TP3: 1.0703
Why focus on this structure?
- On the 4-hour timeframe, the EMA is arranged bearishly; the RSI on the 15m has touched 61.94, and the rebound strength is fading.
- Current 1.0919 is the SHORT entry reference; TP1=1.0838, TP2=1.0784, SL=1.1027.
- The 1D trend is clearly bearish, with a 95% high-confidence signal—why wait? Because the rebound is a trap to lure longs.
Discussion:
Will this move reach TP2 first, or will it directly lure longs to blow up the shorts?