⚠️ An exceptional bullish parabolic move of +9.15% during the session, with a continuous breakout from the base of 1.2468 without any meaningful correction. The RSI(6) at 92.27 is extremely and unusually overbought (above 90). This type of movement often precedes a sharp and sudden correction after the buying momentum is fully exhausted. The risk-to-reward ratio here is very poor—extreme caution is advised: either reduce the trade size by a lot, or wait until the RSI cools down and a healthy partial correction occurs before entering with a meaningful position size. Stop-loss below the last local low at 1.4879.
$XRP