$XRP - SHORT momentum in focus (x50)
Most traders miss that the $XRP order flow is nearly a coin flip right now.
Buy orders near 51% sounds like weak upside, but it actually reads backwards for a short: nobody is chasing either way. The market is quiet, so the move has to come from nowhere. Price sits inside the zone at 1.31, the stop is 0.6% away and the first target 0.7% away, so the trade is tight on both sides.
Have you ever traded a setup this tight where the wider market gave no help?
TRADE PLAN
Entry zone: 1.306 - 1.308 (ref 1.3071)
TP1: 1.298 (+0.70%)
TP2: 1.291 (+1.23%)
TP3: 1.284 (+1.77%)
Stop loss: 1.315 (-0.63%)
⚠️ Personal market insight, not investment advice. DYOR.
Most traders miss that the $XRP order flow is nearly a coin flip right now.
Buy orders near 51% sounds like weak upside, but it actually reads backwards for a short: nobody is chasing either way. The market is quiet, so the move has to come from nowhere. Price sits inside the zone at 1.31, the stop is 0.6% away and the first target 0.7% away, so the trade is tight on both sides.
Have you ever traded a setup this tight where the wider market gave no help?
TRADE PLAN
Entry zone: 1.306 - 1.308 (ref 1.3071)
TP1: 1.298 (+0.70%)
TP2: 1.291 (+1.23%)
TP3: 1.284 (+1.77%)
Stop loss: 1.315 (-0.63%)
⚠️ Personal market insight, not investment advice. DYOR.