$XRP - SHORT conviction building (x40)
Most $XRP market orders in the last half hour are sells, and that is the whole idea.
- At a glance $XRP looks calm, but most market orders on the 30-minute chart are sells, meaning sellers are hitting the bid.
- That order flow leans the picture lower while price sits just under its 200 EMA, with the 34 and 89 EMAs stacked overhead.
TRADE PLAN
Entry zone: 1.308 - 1.31 (ref 1.3089)
TP1: 1.299 (+0.76%)
TP2: 1.292 (+1.29%)
TP3: 1.285 (+1.83%)
Stop loss: 1.318 (-0.67%)
The first one is still open. This is the same idea at a second price.
⚠️ Personal market insight, not investment advice. DYOR.
Most $XRP market orders in the last half hour are sells, and that is the whole idea.
- At a glance $XRP looks calm, but most market orders on the 30-minute chart are sells, meaning sellers are hitting the bid.
- That order flow leans the picture lower while price sits just under its 200 EMA, with the 34 and 89 EMAs stacked overhead.
TRADE PLAN
Entry zone: 1.308 - 1.31 (ref 1.3089)
TP1: 1.299 (+0.76%)
TP2: 1.292 (+1.29%)
TP3: 1.285 (+1.83%)
Stop loss: 1.318 (-0.67%)
The first one is still open. This is the same idea at a second price.
⚠️ Personal market insight, not investment advice. DYOR.