The ACE strategy setup shared earlier has played out, and this trade’s profits have been safely secured. Real market moves often hide behind traps. $XRP is trading below the moving averages on both the four-hour and one-hour charts. The rebound didn’t even reach the short-term moving average, making this bounce look more like a bull trap. Buyers are putting up some resistance in terms of volume, but ADX shows sellers are still in control, with price continuing to trend lower.
I’m watching how price reacts if it rebounds to the upper edge of the previous consolidation zone and meets resistance—that’s where sellers are likely to step in. The daily chart is still within its range, and the downside move isn’t over. A break below key support could trigger an acceleration. A rebound is possible, but how far can it go?
🔴 Trade direction: Short
📍 Entry zone: 1.2957 – 1.2973
🛑 Stop loss: 1.3151
🎯 Take profit 1: 1.2826
🎯 Take profit 2: 1.2733
🎯 Take profit 3: 1.2594
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the market’s gains and losses.
#XRP
Click below to trade 👇
I’m watching how price reacts if it rebounds to the upper edge of the previous consolidation zone and meets resistance—that’s where sellers are likely to step in. The daily chart is still within its range, and the downside move isn’t over. A break below key support could trigger an acceleration. A rebound is possible, but how far can it go?
🔴 Trade direction: Short
📍 Entry zone: 1.2957 – 1.2973
🛑 Stop loss: 1.3151
🎯 Take profit 1: 1.2826
🎯 Take profit 2: 1.2733
🎯 Take profit 3: 1.2594
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the market’s gains and losses.
#XRP
Click below to trade 👇