XRP is challenging resistance/support with a defined technical context.
The map:
› Entry: $1.49
› Invalidation: $1.51
› T1: $1.45
› T2: $1.44
› T3: $1.41
It's a breakout potential environment, and the setup fits that frame. Direction is SHORT.
Signal quality scores 83/100 (tier A).
Downside probability comes in at 68.5%.
Over the last 22 closed trades: 10W, 12L, 45% win rate.
Confidence reading: 0.39.
Risk/reward to TP3 works out to 2.81:1.
TP3 sits about 4.96% from entry.
Stops go beyond recent swing liquidity, buffered by roughly 0.35x ATR. 1R here is about 1.77% of price.
Is XRP losing support, or trapping shorts?
DYOR as always.
#XRP #XRPUSDT #Short #Breakout #Crypto
The map:
› Entry: $1.49
› Invalidation: $1.51
› T1: $1.45
› T2: $1.44
› T3: $1.41
It's a breakout potential environment, and the setup fits that frame. Direction is SHORT.
Signal quality scores 83/100 (tier A).
Downside probability comes in at 68.5%.
Over the last 22 closed trades: 10W, 12L, 45% win rate.
Confidence reading: 0.39.
Risk/reward to TP3 works out to 2.81:1.
TP3 sits about 4.96% from entry.
Stops go beyond recent swing liquidity, buffered by roughly 0.35x ATR. 1R here is about 1.77% of price.
Is XRP losing support, or trapping shorts?
DYOR as always.
#XRP #XRPUSDT #Short #Breakout #Crypto