đ $XRP / USDT â 4H Trade Setup
$XRP has been ranging for over a week after the run to 1.65. Sellers pushed price down to 1.45, but buyers reacted fast and the last few 4H candles are climbing back, now at 1.5020. A bounce from the range bottom is possible, but it still needs to prove itself.
đą Trade: LONG
đ Entry: 1.47 â 1.50
đ Stop-loss: 1.43 (below the recent wick low)
đŻ TP1: 1.55
đŻ TP2: 1.61
đŻ TP3: 1.65
âïž R/R: about 1:1 at TP1, up to 1:3 at TP3
đ Key levels:
âą Support 1.45â1.47. Holding it keeps the bounce alive.
âą Resistance 1.55â1.56. A 4H close above it opens 1.61â1.65.
âą A 4H close below 1.43 means the setup is invalid, so I'm out.
$XRP has been ranging for over a week after the run to 1.65. Sellers pushed price down to 1.45, but buyers reacted fast and the last few 4H candles are climbing back, now at 1.5020. A bounce from the range bottom is possible, but it still needs to prove itself.
đą Trade: LONG
đ Entry: 1.47 â 1.50
đ Stop-loss: 1.43 (below the recent wick low)
đŻ TP1: 1.55
đŻ TP2: 1.61
đŻ TP3: 1.65
âïž R/R: about 1:1 at TP1, up to 1:3 at TP3
đ Key levels:
âą Support 1.45â1.47. Holding it keeps the bounce alive.
âą Resistance 1.55â1.56. A 4H close above it opens 1.61â1.65.
âą A 4H close below 1.43 means the setup is invalid, so I'm out.
