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XRP long: last chance to escape?
$XRP /USDT - Sell SHORT
Trading plan:
Entry: 1.0950 – 1.0972
SL: 1.1067
TP1: 1.0881
TP2: 1.0828
TP3: 1.0749
Why focus on this setup?
- On the 4-hour timeframe, the trend is clearly bearish; the 1-day chart has turned bearish, and the short-term rebound is just a pin.
- RSI on the 15-minute chart is 56.41, neutral-to-weak; it’s not in the oversold zone, and there’s still room to drop.
- Entry reference is 1.0961, with SL at only 1.1067; the risk-reward ratio is as high as 3:1 or more, with TP1 at 1.0881.
- Why now? Price has just rebounded into the resistance zone; bearish signals stack with a 95% confidence level—could accelerate to dump at any moment.
Discussion:
Do you think this move will hit TP1 first, or will it spike down immediately to sweep the SL?