Trading Plan Short $XRP
$XRP flushed yesterday's low but reclaimed it, now hitting 1h resistance.
Entry: $1.1120-$1.1250
Stoploss: $1.1390
Targets: $1.0950 / $1.0650 / $1.0250
XRP wicked the 1.1137 resistance hard on the 1h. Longs are stacked at 2.64, retail chasing the bounce. OI bleeding 2.63% in 24h, old longs getting squeezed. BB width contracting fast, big move coming. This bounce is a trap. Reclaim 1.1390, short voided.
#BinanceSquareTalks
Trade $XRP here 👇
$XRP flushed yesterday's low but reclaimed it, now hitting 1h resistance.
Entry: $1.1120-$1.1250
Stoploss: $1.1390
Targets: $1.0950 / $1.0650 / $1.0250
XRP wicked the 1.1137 resistance hard on the 1h. Longs are stacked at 2.64, retail chasing the bounce. OI bleeding 2.63% in 24h, old longs getting squeezed. BB width contracting fast, big move coming. This bounce is a trap. Reclaim 1.1390, short voided.
#BinanceSquareTalks
Trade $XRP here 👇