🚨 MAJOR ORDER FLOW IMBALANCE: $XRP
We are seeing a clear Market Structure Shift. Price has pushed into a premium zone, but CVD shows aggressive distribution. This is a classic liquidity grab above local highs, creating a trap for breakout buyers. I am anticipating a Change of Character (CHOCH) as the trend exhausts and shifts toward a corrective phase to fill the fair value gap below.
RISK MANAGEMENT is priority. We enter on the rejection of the 1.17 level.
ENTRY: 1.17 XRPUSDT
SL: 1.1856
TP1: 1.1627
RR: 1:1.5
Is $XRP facing a hard supply wall here, or is this just a brief pause before another leg up?
#XRP #BinanceSquare #SlowSclap #TradingAnalysis
We are seeing a clear Market Structure Shift. Price has pushed into a premium zone, but CVD shows aggressive distribution. This is a classic liquidity grab above local highs, creating a trap for breakout buyers. I am anticipating a Change of Character (CHOCH) as the trend exhausts and shifts toward a corrective phase to fill the fair value gap below.
RISK MANAGEMENT is priority. We enter on the rejection of the 1.17 level.
ENTRY: 1.17 XRPUSDT
SL: 1.1856
TP1: 1.1627
RR: 1:1.5
Is $XRP facing a hard supply wall here, or is this just a brief pause before another leg up?
#XRP #BinanceSquare #SlowSclap #TradingAnalysis