The BNB setup flagged earlier has played out, and this round’s profits are already locked in. In these undercurrents, staying calm matters even more. The daily chart for $XRP has made the direction very clear. Price is below EMA50, with EMA200 still well above it. The bearish moving-average alignment remains intact, and the four-hour chart is also holding its downward rhythm. In this structure, rebounds often give bears room to take over—they don’t signal a trend reversal.
I’m watching how price reacts under the resistance zone above. Volume hasn’t picked up with the rebound, which suggests buyers can’t sustain the move. Strength in BTC can certainly create some spillover effects, as the correlation is fairly high, so keep position sizes in check and don’t mistake a rebound for a signal to go long. As long as the key level holds, there’s still room to move lower.
🔴 Trade direction: Short
📍 Entry range: 1.1743 – 1.1769
🛑 Stop loss: 1.2060
🎯 Take profit 1: 1.1528
🎯 Take profit 2: 1.1376
🎯 Take profit 3: 1.1148
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#XRP
Tap below to trade 👇
I’m watching how price reacts under the resistance zone above. Volume hasn’t picked up with the rebound, which suggests buyers can’t sustain the move. Strength in BTC can certainly create some spillover effects, as the correlation is fairly high, so keep position sizes in check and don’t mistake a rebound for a signal to go long. As long as the key level holds, there’s still room to move lower.
🔴 Trade direction: Short
📍 Entry range: 1.1743 – 1.1769
🛑 Stop loss: 1.2060
🎯 Take profit 1: 1.1528
🎯 Take profit 2: 1.1376
🎯 Take profit 3: 1.1148
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#XRP
Tap below to trade 👇