$XRP is still bearish on the 1H đđ
XRP has broken structure (BOS) on the 1H. Price is now trading below both EMAs, and they're sloping down. Sellers are in control for now.
My plan (short):
Wait for a pullback into the 1.3110 zone, where the stops above the recent high are sitting
Don't chase the drop. Let price come to you
Entry: ~1.3110
Stop loss: 1.3453
TP1: 1.2545 (liquidity sitting there)
TP2: 1.2371
Risk to reward is roughly 1:2 â
What I expect: a bounce first, then a lower high, then a push down through 1.2545. There may be a small reaction bounce near 1.2371 before the next move.
â ïž If price closes above 1.3453, the setup is invalid. Stay disciplined and don't hold and hope.
This is my personal view and not financial advice. Always use a stop loss and manage your risk. đ
What's your take on XRP, bounce or breakd
own? Tell me in the comments đ
#XRP #XRPUSDT #Binance #TradingSignals #CryptoTrading
XRP has broken structure (BOS) on the 1H. Price is now trading below both EMAs, and they're sloping down. Sellers are in control for now.
My plan (short):
Wait for a pullback into the 1.3110 zone, where the stops above the recent high are sitting
Don't chase the drop. Let price come to you
Entry: ~1.3110
Stop loss: 1.3453
TP1: 1.2545 (liquidity sitting there)
TP2: 1.2371
Risk to reward is roughly 1:2 â
What I expect: a bounce first, then a lower high, then a push down through 1.2545. There may be a small reaction bounce near 1.2371 before the next move.
â ïž If price closes above 1.3453, the setup is invalid. Stay disciplined and don't hold and hope.
This is my personal view and not financial advice. Always use a stop loss and manage your risk. đ
What's your take on XRP, bounce or breakd
own? Tell me in the comments đ
#XRP #XRPUSDT #Binance #TradingSignals #CryptoTrading
