$XRP - SHORT execution plan
POV: you thought $XRP had already picked a side, then check the 30-minute chart again.
TRADE PLAN
Entry zone: 1.283 - 1.284 (ref 1.2839)
TP1: 1.27 (+1.09%)
TP2: 1.255 (+2.25%)
TP3: 1.245 (+3.03%)
Stop loss: 1.297 (-1.03%)
Price sits 2.2% under the 200 EMA and the 34 and 89 EMAs are stacked in order above it. That makes the trend still young and keeps pressure on the upside. The plan's pending condition has not been met, since price is still under the entry zone that sits about 0.2% above the current level.
Funding at 0.01% means longs pay shorts to hold, so they carry a cost while price struggles. Watch whether price reaches 1.28 and what the EMAs do from there.
Does this 30-minute chart read the same way to you, with price still 2.2% below the 200 EMA?
⚠️ Personal market insight, not investment advice. DYOR.
POV: you thought $XRP had already picked a side, then check the 30-minute chart again.
TRADE PLAN
Entry zone: 1.283 - 1.284 (ref 1.2839)
TP1: 1.27 (+1.09%)
TP2: 1.255 (+2.25%)
TP3: 1.245 (+3.03%)
Stop loss: 1.297 (-1.03%)
Price sits 2.2% under the 200 EMA and the 34 and 89 EMAs are stacked in order above it. That makes the trend still young and keeps pressure on the upside. The plan's pending condition has not been met, since price is still under the entry zone that sits about 0.2% above the current level.
Funding at 0.01% means longs pay shorts to hold, so they carry a cost while price struggles. Watch whether price reaches 1.28 and what the EMAs do from there.
Does this 30-minute chart read the same way to you, with price still 2.2% below the 200 EMA?
⚠️ Personal market insight, not investment advice. DYOR.
