$XRP SHORT 1H | The trend has a test at 1.4723
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 1.4714–1.4732 keeps the continuation plan measured. TP1 maps to 2.23R; a move above 1.4784 invalidates the idea.
Entry zone: 1.4714–1.4732
Stop loss: 1.4784
Targets: TP1 1.4587 (2.23R) / TP2 1.4518 (3.36R) / TP3 1.4316 (6.67R)
Scale out: 20% / 30% / 50%
What would make you reject this short idea before entry?
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 1.4714–1.4732 keeps the continuation plan measured. TP1 maps to 2.23R; a move above 1.4784 invalidates the idea.
Entry zone: 1.4714–1.4732
Stop loss: 1.4784
Targets: TP1 1.4587 (2.23R) / TP2 1.4518 (3.36R) / TP3 1.4316 (6.67R)
Scale out: 20% / 30% / 50%
What would make you reject this short idea before entry?