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XRP short positions have a 95% win rate, dare you follow?
$XRP /USDT - Short
Trading Plan:
Entry: 1.1270 – 1.1314
SL: 1.1505
TP1: 1.1132
TP2: 1.1026
TP3: 1.0867
Why focus on this structure?
- The 4-hour bearish trend is clear, and the daily chart is also a bearish structure.
- Current price 1.1292, 15-minute RSI 53.43, not oversold, room for further decline.
- Stop loss 1.1505, TP1 1.1132, TP2 1.1026, risk-reward ratio over 2x.
- Why now? Waiting for confirmation of a break below 1.1245, which will accelerate the downtrend.
Discussion:
In this XRP move, will it hit TP2 first, or will it fake a rally back to 1.14? What do you think?