$XRP • Short Setup • 4H Timeframe
Price just rejected from the 50 EMA, which is acting as a resistance level. Price confirmed a short setup with a bearish candle close, high volume, and a Stoch RSI bearish crossover. I know the candle wick is to the downside, indicating buying pressure, so I also took confirmations from higher timeframes. Therefore, this setup is valid as long as our SL is safe.
Here is the exact setup:
Entry: 1.267
Take-Profit: 1.222
Stop-Loss: 1.293
NOTE: Don't chase the price. If the SL hits, close the trade; otherwise, you may face liquidation risk. Always use 1%-2% of your portfolio for trading to avoid liquidation risk. • Always DYOR
#Xrp🔥🔥 #xrp #XRPUSDT🚨 #FutureTrading #BinancePick
Price just rejected from the 50 EMA, which is acting as a resistance level. Price confirmed a short setup with a bearish candle close, high volume, and a Stoch RSI bearish crossover. I know the candle wick is to the downside, indicating buying pressure, so I also took confirmations from higher timeframes. Therefore, this setup is valid as long as our SL is safe.
Here is the exact setup:
Entry: 1.267
Take-Profit: 1.222
Stop-Loss: 1.293
NOTE: Don't chase the price. If the SL hits, close the trade; otherwise, you may face liquidation risk. Always use 1%-2% of your portfolio for trading to avoid liquidation risk. • Always DYOR
#Xrp🔥🔥 #xrp #XRPUSDT🚨 #FutureTrading #BinancePick
