Is the XRP bearish signal 95%? Don’t rush to short—look here first.



$XRP /USDT - SHORT sell

Trade plan:
Entry: 1.100 – 1.102
SL: 1.115
TP1: 1.091
TP2: 1.084
TP3: 1.073

Why pay attention to this structure?
- On the 4-hour timeframe, the bearish confirmation is in place; the daily chart trend is bearish, and the main force is setting up around 1.101.
- RSI on the 15-minute timeframe is 55.32 in the neutral zone, not oversold, with room for downside.
- ATR on the 1-hour timeframe is only 0.005774; volatility is tightening, and before any breakout, it’s likely to shake out positions first.
- Why now? The entry point 1.101 is right under EMA resistance; if it breaks 1.100, the shorts will accelerate toward TP1=1.091.

Discussion:
Will this move first reach TP2=1.084, or will it fake the short and rebound to pull back to stop-loss at 1.115?
XRP4.09%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned