$XRP Short position, with price testing resistance at 1.04 on the 4-hour timeframe.
The 1.04 level is capping the rise, with 1.02 and 1.01 as the next levels.
If price recovers 1.05, I’ll exit the trade.
Sellers need to apply pressure here. If the level holds clearly, I’ll remain interested.
• 4-hour timeframe at 1.04, below EMA50 at 1.12, with sellers still in control of the trend
• Daily timeframe below EMA200 at 1.32, confirming the picture on the higher timeframe
• Distance to stop loss: 1.4%; distance to the third target: 2.3%, or about 1.6R if price reaches it
🔴 Short position
Entry: 1.034–1.036
Targets: 1.026 / 1.020 / 1.011
Stop loss: 1.050
Not financial advice · Do your own research
The 1.04 level is capping the rise, with 1.02 and 1.01 as the next levels.
If price recovers 1.05, I’ll exit the trade.
Sellers need to apply pressure here. If the level holds clearly, I’ll remain interested.
• 4-hour timeframe at 1.04, below EMA50 at 1.12, with sellers still in control of the trend
• Daily timeframe below EMA200 at 1.32, confirming the picture on the higher timeframe
• Distance to stop loss: 1.4%; distance to the third target: 2.3%, or about 1.6R if price reaches it
🔴 Short position
Entry: 1.034–1.036
Targets: 1.026 / 1.020 / 1.011
Stop loss: 1.050
Not financial advice · Do your own research
