$XRP Short 100x | The zone has been touched; confirmation of the cancellation has been identified.
XRP has reached the area where this short was ultimately noticed. I entered the position because of the defined risk; if price holds, then this idea is wrong.
Trading plan:
- Entry: 1.33354 – 1.33542
- TP1: 1.32770 (R:R 1:0.8)
- TP2: 1.32318 (R:R 1:1.3)
- TP3: 1.31640 (R:R 1:2.0)
- SL: 1.34352
Why set it up this way?
- Price led here: the 4h timeframe short structure, the daily range context, and the price reaction from 1.33354–1.33542.
- RSI15 at 30 still has room to go down, but only if the sellers still maintain control.
- Volume at 0.50x: with 1.82M traded vs the expected 3.61M, confirming which side is participating.
XRP has reached the area where this short was ultimately noticed. I entered the position because of the defined risk; if price holds, then this idea is wrong.
Trading plan:
- Entry: 1.33354 – 1.33542
- TP1: 1.32770 (R:R 1:0.8)
- TP2: 1.32318 (R:R 1:1.3)
- TP3: 1.31640 (R:R 1:2.0)
- SL: 1.34352
Why set it up this way?
- Price led here: the 4h timeframe short structure, the daily range context, and the price reaction from 1.33354–1.33542.
- RSI15 at 30 still has room to go down, but only if the sellers still maintain control.
- Volume at 0.50x: with 1.82M traded vs the expected 3.61M, confirming which side is participating.
