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ProjectSyndicate
Oct 21, 2020 10:08 AM

XRPUSD H4: SHORT IT! 20% gains BEARS.(SL/TP)(NEW) Short

XRP / United States DollarCoinbase

Description

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XRPUSD H4: SHORT IT! 20% gains BEARS.(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect short-term
losses in this market.


🔸 Summary and potential trade setup
::: XRPUSD H4 chart review/outlook
::: currently price is stuck in range
::: noteworthy compression
::: upside limited from here
::: downside breakdown pending
::: SHORT AT MARKET / SHORT RALLIES
::: TP is 20% gains
::: BEARS will target 20 cents
::: 25c/26c heavy resistance
::: SHORT/HOLD setup for BEARS
::: 20% gains unleveraged
::: 20 cents USD will get re-tested
::: short-term bearish / more downside
::: recommended strategy: SHORT IT
::: TP BEARS is 20% gains / 20 cents
::: overbought / so expecting correction
::: good luck traders!
::: SHORT IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: RANGE

Comment

SETUP FAILED
Comments
merabtene
Ascending triangle with higher lows into resistance ... That resistance will break like glass.
ProjectSyndicate
SETUP FAILED
totoroha
@ProjectSyndicate, so we should not short it anymore?
PolarHusk
Testing Key resistance area. 🐻‍❄️🙏😊😃
InkyGrip
Another great chart! thanks for your time! 🚀🦐💪🏻
Noodle65
Crazy idea. All it is doing is stabilizing before settling at new high/support.
VladimirRibakov
Good one!
Phi-Deltalytics
Nice idea!
crypt0analyst_
thanks for sharing mate
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