$XRP : Showing Signs of a Cooldown / Correction Toward Key Levels ‼️
We just saw a strong rejection from the daily Supply Zone. $XRP swept the liquidity above the previous high before the supply zone kicked in, triggering downside selling momentum. There are clear Fair Value Gaps (FVGs) waiting to be filled below 📉.
Looking at the Liquidity Heatmap, upside liquidity is largely drained, while substantial liquidity pools remain uncollected at the downside 🩸.
I am looking to open a SHORT position:
Entry Zone: $1.5040 – $1.5400
Stop-Loss: $1.6652 (Just above the Supply Zone)
🎯 Targets:
TP 1: $1.3677
TP 2: $1.2580
TP 3: $1.1057
Let’s hunt that downside liquidity! 📉 $XRP
#xrp #TechnicalAnalysis #cryptotrading #BinanceSquareFamily
We just saw a strong rejection from the daily Supply Zone. $XRP swept the liquidity above the previous high before the supply zone kicked in, triggering downside selling momentum. There are clear Fair Value Gaps (FVGs) waiting to be filled below 📉.
Looking at the Liquidity Heatmap, upside liquidity is largely drained, while substantial liquidity pools remain uncollected at the downside 🩸.
I am looking to open a SHORT position:
Entry Zone: $1.5040 – $1.5400
Stop-Loss: $1.6652 (Just above the Supply Zone)
🎯 Targets:
TP 1: $1.3677
TP 2: $1.2580
TP 3: $1.1057
Let’s hunt that downside liquidity! 📉 $XRP
#xrp #TechnicalAnalysis #cryptotrading #BinanceSquareFamily