Going short on XRP at the daily trend line.
$XRP /USDT - 🔴 SHORT
Trade Plan:
Entry: 1.0762 – 1.0790
SL: 1.1069
TP Area: 1.0556 - 1.0190
The obvious question is why short after the bounce. The daily trend is already bearish, so this is a fade at resistance, not a fresh push. The 15m BTC trend also points down, which gives XRP a tailwind I am not ignoring.
Here's how it looks on the chart 👇
Personal market analysis only. Not financial advice — manage risk and do your own research.
$XRP /USDT - 🔴 SHORT
Trade Plan:
Entry: 1.0762 – 1.0790
SL: 1.1069
TP Area: 1.0556 - 1.0190
The obvious question is why short after the bounce. The daily trend is already bearish, so this is a fade at resistance, not a fresh push. The 15m BTC trend also points down, which gives XRP a tailwind I am not ignoring.
Here's how it looks on the chart 👇
Personal market analysis only. Not financial advice — manage risk and do your own research.
