$XRP — SHORT
Entry 1.2938 – 1.2964
SL 1.3298
TP 1.2257
The 4-hour and daily timeframes are both trending down. Price was just pushed back right at the EMA9 zone.
The 4-hour RSI is 46.6, and the 1-hour ADX is only 18.3, so the recovery remains weak. $BTC is aligned with the downward trend on the 4-hour and daily timeframes, and the short side is receiving funding fees.
If price does not enter the Entry zone within 4 hours, cancel the order. If neither TP nor SL is hit after 96 hours, close the position.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #XRP
Entry 1.2938 – 1.2964
SL 1.3298
TP 1.2257
The 4-hour and daily timeframes are both trending down. Price was just pushed back right at the EMA9 zone.
The 4-hour RSI is 46.6, and the 1-hour ADX is only 18.3, so the recovery remains weak. $BTC is aligned with the downward trend on the 4-hour and daily timeframes, and the short side is receiving funding fees.
If price does not enter the Entry zone within 4 hours, cancel the order. If neither TP nor SL is hit after 96 hours, close the position.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #XRP