Trade Idea: XRP SHORT

Opened 2026-01-11 20:25:45 · Valid until 2026-01-12 20:25:45 · Triggered 2026-01-11 20:27:01 · Closed 2026-01-12 02:43:01

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT CLOSED RR 1.75 Conf 78% Scalp hours

Entry

2.06000000

Stop

2.10000000

Targets

2.02000000 / 1.99000000 / 1.96000000

Live price

2.04000000

Live ROI

0.97% vs entry

Idea ID

#6705

Now Entry Stop TP

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Thesis and checks

Short opportunity identified based on multi-timeframe confluence and momentum signals:

5m chart: Bearish engulfing candle followed by lower highs indicating short-term selling pressure.
15m chart: RSI trending down from overbought region, confirming weakening bullish momentum.
1h chart: Price rejected near resistance at $2.08 with volume spike on sell orders, reinforcing bearish bias.
Risk-reward ratio above 1.6 with tight stop loss just above recent resistance, targeting near-term support levels close to current price.

Trade ideas are educational. Manage risk and position size.