đŽ XRPUSDT â FUTURES SHORT
$XRP
Entry Zone: $1.070 â $1.075
Stop Loss: $1.082
TP1: $1.055
TP2: $1.045
TP3: $1.031
R:R: 1:1.84 | 1:2.89 | 1:4.37
TF: 4H (conditional â awaiting retest)
XRP broke below $1.075 and has now knocked on that door three times in three hours â $1.0795, $1.0777 and $1.0808 â and every time sellers pushed it back down and the hour closed below the level. That is old support turning into resistance, right in front of us. I am not shorting here at $1.066 though â I want the retest of $1.070â$1.075 first, then the move down.
Why I like this one: a triple rejection at the same level with strong volume behind the sellers, while BTC grinds near $74,400 after the hot CPI and the Fed is talking hikes again. The targets below are real recent levels â $1.055 (today's base), $1.045 (the Nov 10â11 support zone) and $1.031 (the Nov 10 swing low).
Invalidation: 1H close above $1.082 â if price closes back above the rejection high, the idea is dead and I step aside.
Analysis Only â Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think XRP will retest $1.075 and drop, or reclaim it? Comment LONG or SHORT.
#XRP #XRPUSDT #CryptoTrading #BinanceFutures
$XRP
Entry Zone: $1.070 â $1.075
Stop Loss: $1.082
TP1: $1.055
TP2: $1.045
TP3: $1.031
R:R: 1:1.84 | 1:2.89 | 1:4.37
TF: 4H (conditional â awaiting retest)
XRP broke below $1.075 and has now knocked on that door three times in three hours â $1.0795, $1.0777 and $1.0808 â and every time sellers pushed it back down and the hour closed below the level. That is old support turning into resistance, right in front of us. I am not shorting here at $1.066 though â I want the retest of $1.070â$1.075 first, then the move down.
Why I like this one: a triple rejection at the same level with strong volume behind the sellers, while BTC grinds near $74,400 after the hot CPI and the Fed is talking hikes again. The targets below are real recent levels â $1.055 (today's base), $1.045 (the Nov 10â11 support zone) and $1.031 (the Nov 10 swing low).
Invalidation: 1H close above $1.082 â if price closes back above the rejection high, the idea is dead and I step aside.
Analysis Only â Not Financial Advice (NFA). Trading involves risk.
Follow Profit Direction for more signals, best signals and market updates. Share your opinion in the comments.
Do you think XRP will retest $1.075 and drop, or reclaim it? Comment LONG or SHORT.
#XRP #XRPUSDT #CryptoTrading #BinanceFutures
