XRP/USD Retracement To S/R Flip Gives Great Scalp Opportunity

We get the opportunity here to short trade XRP/USD and monetize the situation that it will retrace first, before getting ready to break through the resistance.

I know that this isn't a 350%+ trade, so the moonbois will be disappointed in me when they read this. I made this idea for the true traders, who know that a few % per day will get them the financial stability they want based off trading. It's the trades like these where the real money can be earned.

All further information for the trade can be found on the chart.

Trade closed: stop reached:

Ouch! That trade didn't last long. Very soon after my call the price broke through the resistance and the stop loss was hit.

We gotta stay true to ourselves and also call out the bad trades.

However, I am still bearish and having the higher prices can give us one more attempt at a nice short trade here. Check out my new idea where you can find the chart: