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-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
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XRPUSD H16: STAGE2 DUMP 50%: SHORT IT from 1.28USD(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don’t overleverage.
Tagged as SHORT because I expect CORRECTION
once we hit 1.28USD.
🔸 Summary and potential trade setup
::: XRPUSD 16hour chart review
::: heavy resistance overhead at 1.28USD
::: complex corrective structure
::: NOT an EW setup!
::: measured move correction
::: 1.28 USD to 50 cents
::: BEST level to SHORT is near 1.20/1.30 USD
::: BULLS stay out until correction is over
::: BEARS can short from overhead resistance
::: 1.25/1.30 USD won’t pass
::: near 50 cents strong key psych level BULLS
::: currently trading MID RANGE
::: shorting near range highs makes sense
::: 1.25/1.30 USD is heavy resistance / SHORT IT
::: TP BEARS is re-test of 50 cents
::: recommended strategy: SHORT 1.25/1.30 USD
::: good luck traders!
::: SHORT HIGH and get paid. period.
🔸 Supply/Demand Zones
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: PULLBACK/50c
::: Sentiment outlook short-term: FINAL PUMP/1.25/1.30USD
Trading Crypto, , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.