#bearishwick
bearishwick
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🔴 $XRP REJECTED FROM RESISTANCE — WHALES DISTRIBUTING INTO THE BID! 📉
Entry: 1.105–1.112 ⚡
Target: 1.090 🚀
Stop Loss: 1.122 ⚠️
📌 That 1.12 zone has acted as a magnet for seller aggression since last week, with three clear wick rejections and volume drying up on each retest. 🔍 The order book on top-tier exchanges shows passive supply stacking above 1.115 — a textbook distribution pattern.
💡 Meanwhile, RSI on the 1H chart is curling down from overbought territory while funding rates flip slightly negative, signaling short-sellers are gaining the upper hand. 💬 Do you expect a sweep of the 1.09 liquidity pool before a bounce, or a full rollover toward 1.060? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #XRP #ShortSetup #Crypto #BearishWick #Trading
🐻 🩸
Entry: 1.105–1.112 ⚡
Target: 1.090 🚀
Stop Loss: 1.122 ⚠️
📌 That 1.12 zone has acted as a magnet for seller aggression since last week, with three clear wick rejections and volume drying up on each retest. 🔍 The order book on top-tier exchanges shows passive supply stacking above 1.115 — a textbook distribution pattern.
💡 Meanwhile, RSI on the 1H chart is curling down from overbought territory while funding rates flip slightly negative, signaling short-sellers are gaining the upper hand. 💬 Do you expect a sweep of the 1.09 liquidity pool before a bounce, or a full rollover toward 1.060? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #XRP #ShortSetup #Crypto #BearishWick #Trading
🐻 🩸
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