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XRPUSD H16: XABCD SHORT IT from 70c(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect pullback once we hit 70cents.
🔸 Summary and potential trade setup ::: XRPUSD 16hour chart review ::: heavy resistance overhead at 70c ::: potential/speculative XABCD setup ::: point C is at/near 70 cents ::: get ready to SHORT HIGH soon ::: 70cents best level to short it ::: BEST level to BUY is 44/46cents ::: BEST level to SHORT IT is 70cents ::: that's where you want to SHORT IT ::: 70 cents heavy resistance ::: 44/46cents heavy support ::: currently trading MID RANGE ::: shorting near range highs makes sense ::: 70 cents is heavy resistance / SHORT IT ::: TP BEARS is re-test of 44/46 cents ::: recommended strategy: SHORT 70C/BUY 44/46C ::: good luck traders! ::: SHORT HIGH and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: PULLBACK/46C ::: Sentiment outlook short-term: FINAL PUMP/70C