RSI bearish divergence on 1H Chart XRP BTX
Price is testing previous broken structure and trendline at 0.50 fib level
If price close below the trendline we could see price drop back to 8200 level
Wait for the 1H to close below the trendline to enter short position.
Price is testing previous broken structure and trendline at 0.50 fib level
If price close below the trendline we could see price drop back to 8200 level
Wait for the 1H to close below the trendline to enter short position.
Trade closed: stop reached
Comment:
That was a tight stop. But target was reached after.
Short @ 8830
TP: 8210
SL: 9055