$XRP - still favoring SHORT (x50)
Quick lesson from $XRP on reading order flow when buyers and sellers split nearly even.
Buys are 47.3% of market orders, so neither side is chasing. That balance reads backward for a short until you notice nobody has conviction to push price up either. What gets me here is how close the stop sits, just 0.6% from the entry zone, with 1.3 as the level that decides it.
TRADE PLAN
Entry zone: 1.299 - 1.301 (ref 1.3)
TP1: 1.291 (+0.69%)
TP2: 1.285 (+1.16%)
TP3: 1.278 (+1.69%)
Stop loss: 1.308 (-0.61%)
This setup already gave something earlier. Same read, later and worse entry.
⚠️ Personal market insight, not investment advice. DYOR.
Quick lesson from $XRP on reading order flow when buyers and sellers split nearly even.
Buys are 47.3% of market orders, so neither side is chasing. That balance reads backward for a short until you notice nobody has conviction to push price up either. What gets me here is how close the stop sits, just 0.6% from the entry zone, with 1.3 as the level that decides it.
TRADE PLAN
Entry zone: 1.299 - 1.301 (ref 1.3)
TP1: 1.291 (+0.69%)
TP2: 1.285 (+1.16%)
TP3: 1.278 (+1.69%)
Stop loss: 1.308 (-0.61%)
This setup already gave something earlier. Same read, later and worse entry.
⚠️ Personal market insight, not investment advice. DYOR.