$XRP Just closed a 30-minute candle with trading volume around 1.3 times the usual level
Setup:
Entry: 1.2–1.202
Take profit 1: 1.188
Take profit 2: 1.177
Take profit 3: 1.163
Stop loss: 1.214
Long vs. short: 10 vs. 68, favoring shorts
🔴 Short (4/7): 4-hour trend is bearish, confirmed on the 1-hour chart, and price is below the 30-minute EMAs
🟢 Long (1/7): Volume on green candles
Why wait: Price has already moved, so don't chase it
Change of view: A close above 1.214 invalidates the short idea
This is normal trading activity, so there's no need to rush into a short while price is below 1.2. My plan is to wait for price to reach that area before considering anything.
Does trading volume at 1.3 times the usual level seem calm to you, or merely subdued?
⚠️ This is a personal market view, not investment advice. Do your own research.
Setup:
Entry: 1.2–1.202
Take profit 1: 1.188
Take profit 2: 1.177
Take profit 3: 1.163
Stop loss: 1.214
Long vs. short: 10 vs. 68, favoring shorts
🔴 Short (4/7): 4-hour trend is bearish, confirmed on the 1-hour chart, and price is below the 30-minute EMAs
🟢 Long (1/7): Volume on green candles
Why wait: Price has already moved, so don't chase it
Change of view: A close above 1.214 invalidates the short idea
This is normal trading activity, so there's no need to rush into a short while price is below 1.2. My plan is to wait for price to reach that area before considering anything.
Does trading volume at 1.3 times the usual level seem calm to you, or merely subdued?
⚠️ This is a personal market view, not investment advice. Do your own research.
