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ProjectSyndicate
Sep 29, 2020 9:08 AM

XRPUSD H4: BEST level to SHORT IT 20%+ gains(SL/TP)(NEW)  Long

XRP / U.S. dollarBitstamp

Description

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XRPUSD H4: BEST level to SHORT IT 20%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term
gains before reversal at/near 26 CENTS (BEARS).


🔸 Summary and potential trade setup
::: XRPUSD 4hour chart review/outlook
::: currently price is stuck in range
::: previously BEAR TRAP SETUP
::: get ready for BULL TRAP SETUP
::: later near 26 cents
::: that's where you want to SHORT IT
::: 23 cents absolute range lows
::: 26 cents absolute range highs
::: currently trading near mid range
::: shorting near range highs makes sense
::: short-term bullish / more upside
::: 26 centsheavy resistance / SHORT IT
::: TP BEARS is re-test of range lows
::: 20% gains on sell side for BEARS
::: recommended strategy: SHORT IT / SHORT rips/rallies
::: ENTRY NEAR 26c SL 3% TP1 10% TP2 20% *20c
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/20c
::: Sentiment outlook short-term: BULLS
Comments
InkyGrip
thanks for sharing it! 🦐🦐🦐
PolarHusk
ThanksGoodJob
AdamEiseman
Thanks for all your research and sharing your analysis :)
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Protixder
Nice idea again!
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