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XRP at the 1.093 level—does the long side still dare to get in?
$XRP /USDT - short
Trading plan:
Entry: 1.092 – 1.094
SL: 1.103
TP1: 1.085
TP2: 1.080
TP3: 1.072
Why focus on this structure?
- The 1D trend is clearly bearish, the 4h direction is SHORT, with 95% high confidence.
- The reference price on 1h is 1.093; the RSI on 15m is only 53.99, and the rebound lacks strength.
- The entry zone is 1.092–1.094, with TP1 at 1.085, TP2 at 1.080, and SL at 1.103.
- Why now? 1.093 is close to EMA resistance suppression; bearish momentum hasn’t been released, making chasing shorts a high-value setup.
Discussion:
For this move, will it first reach TP2 at 1.080, or will it lure longs to push up and pull back to 1.101 before going short?