$XRP H1 momentum maxed out on a dead cat bounce while the H4 structure stays in a downtrend.
trade plan: short $XRP
entry: 1.3880 to 1.3970
stop loss: 1.4090
targets
tp1: 1.3710
tp2: 1.3550
tp3: 1.3380
move sl to entry after tp1.
click 👇 and short $XRP
The daily SAR at 1.3468 has technically flipped below price which is the one bullish flag here however price remains below all three daily EMAs clustered at 1.4170 to 1.4292 and below the daily midband at 1.4125 keeping the macro bias bearish. The H4 confirms this with SAR at 1.3960 sitting directly above price and StochRSI at 5.95 giving a weak oversold bounce that lacks the volume conviction needed for a real reversal. The entry zone is anchored between the H1 BOLL midband at 1.3882 and H1 SAR at 1.3932 acting as a dual resistance ceiling where the current H1 StochRSI at 92.96 signals the bounce is fully exhausted. The daily SAR flip and deeply oversold H4 StochRSI are the key risks so size conservatively and move SL to entry the moment TP1 fills.
risk max 1-2%