Is the $XRP đ keeping the brothers both loving and hating at the same time? Watch this guy run and I keep thinking it’s like being on a super-fast roller coaster version for the faint of heart. Don’t let that 0.8% green today fool you, because beneath that calm surface are hidden undertow waves waiting to swallow up the inexperienced newbies.
Looking at the short-term technical structure, what do we have?
- 15-minute chart: Price is hovering around 1.0751, right next to the MA(20) at 1.0745 and the EMA(9) at 1.0743. This is an extremely sensitive battleground area. The buyers are trying to keep the price above these dynamic support lines to prevent a reverse PUMP that would empty the pockets of the “fish.”
- 1-hour chart: MA(20) is at 1.0776 and EMA(9) is at 1.0756. Right now, the price is below both of these lines, showing that selling pressure is still lurking in the resistance zones above. If it can’t break through the 1.078 level within the next few hours, a deeper pullback becomes hard to avoid.
With this price range, I’m not really interested in chasing a LONG order when the market lacks strong breakout momentum. Personally, I choose to hunt in better value zones instead of entering based on FOMO emotions.
My setup is:
- Position: SHORT scalp.
- Entry: Wait around 1.078 - 1.080 (when price pulls back to retest the 1-hour MA resistance).
- TP: 1.060 - 1.050.
- SL: 1.088 (if price closes above this level, I’ll accept that I’m wrong).
The market is never wrong—only our judgment can be wrong. Brothers, do you think this $XRP n has enough power to keep flying, or will it break its wings right in this zone?
#Crypto #Trading #Altcoins
Note: This is a personal perspective, not investment advice. Trading always comes with risk (DYOR).
Looking at the short-term technical structure, what do we have?
- 15-minute chart: Price is hovering around 1.0751, right next to the MA(20) at 1.0745 and the EMA(9) at 1.0743. This is an extremely sensitive battleground area. The buyers are trying to keep the price above these dynamic support lines to prevent a reverse PUMP that would empty the pockets of the “fish.”
- 1-hour chart: MA(20) is at 1.0776 and EMA(9) is at 1.0756. Right now, the price is below both of these lines, showing that selling pressure is still lurking in the resistance zones above. If it can’t break through the 1.078 level within the next few hours, a deeper pullback becomes hard to avoid.
With this price range, I’m not really interested in chasing a LONG order when the market lacks strong breakout momentum. Personally, I choose to hunt in better value zones instead of entering based on FOMO emotions.
My setup is:
- Position: SHORT scalp.
- Entry: Wait around 1.078 - 1.080 (when price pulls back to retest the 1-hour MA resistance).
- TP: 1.060 - 1.050.
- SL: 1.088 (if price closes above this level, I’ll accept that I’m wrong).
The market is never wrong—only our judgment can be wrong. Brothers, do you think this $XRP n has enough power to keep flying, or will it break its wings right in this zone?
#Crypto #Trading #Altcoins
Note: This is a personal perspective, not investment advice. Trading always comes with risk (DYOR).