The XRP strategy setup I shared earlier has played out, and the profits from this round are already locked in. Unusual price action and market divergence are appearing at the same time, and the chart structure for $WIF is now pointing downward. The daily price is below the EMA50, which is itself below the EMA200. This moving-average alignment won't be reversed in a day or two, and the broader trend is still shifting lower.
Bounces on the four-hour and hourly timeframes are getting weaker each time, and volume hasn't followed through either, suggesting that selling pressure overhead hasn't been fully absorbed. At this level, I'd favor trading with the structure and going short rather than trying to call a bottom. Of course, the risk of a bounce is real, so keep position sizes small—timing matters more than direction.
🔴 Trade direction: Short
📍 Entry range: 0.1578362 – 0.1583141
🛑 Stop loss: 0.1631457
🎯 Take profit 1: 0.1542721
🎯 Take profit 2: 0.1517368
🎯 Take profit 3: 0.1479338
Take in the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇
Bounces on the four-hour and hourly timeframes are getting weaker each time, and volume hasn't followed through either, suggesting that selling pressure overhead hasn't been fully absorbed. At this level, I'd favor trading with the structure and going short rather than trying to call a bottom. Of course, the risk of a bounce is real, so keep position sizes small—timing matters more than direction.
🔴 Trade direction: Short
📍 Entry range: 0.1578362 – 0.1583141
🛑 Stop loss: 0.1631457
🎯 Take profit 1: 0.1542721
🎯 Take profit 2: 0.1517368
🎯 Take profit 3: 0.1479338
Take in the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇