$XRP - leaning SHORT (x50)
Most traders miss what $XRP momentum is really saying here.
TRADE PLAN
Entry zone: 1.299 - 1.3 (ref 1.2997)
TP1: 1.291 (+0.67%)
TP2: 1.284 (+1.21%)
TP3: 1.278 (+1.67%)
Stop loss: 1.308 (-0.62%)
The 1-hour RSI at 59 and the 4-hour at 46 disagree, so the momentum picture stays mixed. That reads backwards for a short at first glance, but mixed momentum is not the same as upward pressure. My stop sits only 0.6% from entry, so a small bounce can still take it out.
Ever had a tight 0.6% stop get tapped before the move played out?
Not going to dress this up - the first one hit its stop. Same read, same size, nothing proven yet either way.
⚠️ Personal market insight, not investment advice. DYOR.
Most traders miss what $XRP momentum is really saying here.
TRADE PLAN
Entry zone: 1.299 - 1.3 (ref 1.2997)
TP1: 1.291 (+0.67%)
TP2: 1.284 (+1.21%)
TP3: 1.278 (+1.67%)
Stop loss: 1.308 (-0.62%)
The 1-hour RSI at 59 and the 4-hour at 46 disagree, so the momentum picture stays mixed. That reads backwards for a short at first glance, but mixed momentum is not the same as upward pressure. My stop sits only 0.6% from entry, so a small bounce can still take it out.
Ever had a tight 0.6% stop get tapped before the move played out?
Not going to dress this up - the first one hit its stop. Same read, same size, nothing proven yet either way.
⚠️ Personal market insight, not investment advice. DYOR.