Is XRP sliding into a clear short entry?
đŽ SHORT $XRP /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 1.2894 â 1.2914
TP1: 1.2735 (-1.3%)
TP2: 1.2622 (-2.2%)
TP3: 1.2452 (-3.5%)
SL: 1.3130 (+1.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? 6/12 signals agree, 0 against.
âą Daily trend down (below EMA50 & EMA200)
âą 4h trend down (below EMA50 & EMA200)
âą BTC is falling, this coin follows (corr 0.92)
Trade note: XRP
I'm watching XRP because the daily trend and the 4h trend are both bearish, with price below EMA50 and EMA200 on both timeframes. I want to see sellers keep control, and the 4h RSI at 43.1 and the 1h RSI at 36.6 confirm bearish momentum. The daily trend is down and the BTC backdrop is bearish with a correlation of 0.92, so XRP often follows. The main risk is that the 1h trend is mixed, meaning the short-term trend is undecided.
Where do you take profit on a short here?
đŽ SHORT $XRP /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 1.2894 â 1.2914
TP1: 1.2735 (-1.3%)
TP2: 1.2622 (-2.2%)
TP3: 1.2452 (-3.5%)
SL: 1.3130 (+1.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? 6/12 signals agree, 0 against.
âą Daily trend down (below EMA50 & EMA200)
âą 4h trend down (below EMA50 & EMA200)
âą BTC is falling, this coin follows (corr 0.92)
Trade note: XRP
I'm watching XRP because the daily trend and the 4h trend are both bearish, with price below EMA50 and EMA200 on both timeframes. I want to see sellers keep control, and the 4h RSI at 43.1 and the 1h RSI at 36.6 confirm bearish momentum. The daily trend is down and the BTC backdrop is bearish with a correlation of 0.92, so XRP often follows. The main risk is that the 1h trend is mixed, meaning the short-term trend is undecided.
Where do you take profit on a short here?
