$XRP Short Setup 4h Chart
Falling channel trendline rejection
Price has been moving down inside a falling channel with lower highs, and it is now pushing back into the upper trendline near 1.29. Every bounce into this line has failed so far and the candles are losing strength under it. Buyers defended the 1.2600 support before, so that is the area to watch for the last target. If price stays under the line, a drop back toward 1.2600 is likely
Short Entry 1.293
Take Profits
TP1 1.2800
TP2 1.2700
TP3 1.2600
Stop Loss 1.3180
#xrp
Falling channel trendline rejection
Price has been moving down inside a falling channel with lower highs, and it is now pushing back into the upper trendline near 1.29. Every bounce into this line has failed so far and the candles are losing strength under it. Buyers defended the 1.2600 support before, so that is the area to watch for the last target. If price stays under the line, a drop back toward 1.2600 is likely
Short Entry 1.293
Take Profits
TP1 1.2800
TP2 1.2700
TP3 1.2600
Stop Loss 1.3180
#xrp
