I just opened $XRP again. Not loving the price action here.
We came down hard from 1.54. Sellers clearly in control. Lower highs, lower lows – structure still bearish for me. Now it’s hovering near the daily low around 1.4265. Broke below 1.46 like it was nothing. Volume confirms, no fakeout yet.
If you ask me, any bounce from here is just a retest. I don’t like chasing down here either. I’d rather wait for a pullback into resistance.
My short setup:
Entry: 1.4430 – 1.4480
Stop: 1.4550 (above the last lower high – that’s my line)
TP1: 1.4300
TP2: 1.4200
TP3: 1.4100
click below to trade $XRP
#xrp #priceaction
We came down hard from 1.54. Sellers clearly in control. Lower highs, lower lows – structure still bearish for me. Now it’s hovering near the daily low around 1.4265. Broke below 1.46 like it was nothing. Volume confirms, no fakeout yet.
If you ask me, any bounce from here is just a retest. I don’t like chasing down here either. I’d rather wait for a pullback into resistance.
My short setup:
Entry: 1.4430 – 1.4480
Stop: 1.4550 (above the last lower high – that’s my line)
TP1: 1.4300
TP2: 1.4200
TP3: 1.4100
click below to trade $XRP
#xrp #priceaction