🔴 $XRP - SHORT 🔴
XRP shows a bearish EMA alignment on the 4-hour timeframe, and the price is expected to continue falling.
Entry: 1.0030–1.0064 Stop loss: 1.0475 First target: 0.9726 Second target: 0.9513 Third target: 0.9192
Reason: The daily trend is bearish; the price is trading below EMA50 and EMA200, confirming that the broader trend is downward.
Risk: The price is very far from its average, so an upward rebound is possible (−3.5 ATR from EMA50 on the hourly timeframe).
Plan:
* Close 50% of the position at the first target.
* Close 25% at the second target.
* Close 25% at the third target.
* Move the stop loss to the entry price after reaching the first target.
Do you think XRP can reach 0.9726?
XRP shows a bearish EMA alignment on the 4-hour timeframe, and the price is expected to continue falling.
Entry: 1.0030–1.0064 Stop loss: 1.0475 First target: 0.9726 Second target: 0.9513 Third target: 0.9192
Reason: The daily trend is bearish; the price is trading below EMA50 and EMA200, confirming that the broader trend is downward.
Risk: The price is very far from its average, so an upward rebound is possible (−3.5 ATR from EMA50 on the hourly timeframe).
Plan:
* Close 50% of the position at the first target.
* Close 25% at the second target.
* Close 25% at the third target.
* Move the stop loss to the entry price after reaching the first target.
Do you think XRP can reach 0.9726?
