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XRP Bulls' Last Hurrah? Short order placed at 1.1484
$XRP /USDT - SHORT
Trade Plan:
Entry: 1.1458 – 1.1510
SL: 1.1736
TP1: 1.1295
TP2: 1.1169
TP3: 1.0979
Why focus on this structure?
- Daily trend clearly bearish, 4H level dominated by bears
- Current 1.1484 is the EMA resistance level, RSI 15m only 52.75, rebound lacks momentum
- If it breaks below 1.1458, TP1 1.1295 is just the first step, target 1.1169
- Stop loss 1.1736, risk-reward ratio over 3:1
Discussion:
Do you think this wave will first drop to TP2, or spike up to fake out longs and then drop?