XRPUSDT (2H) | START SELLING XRP / US DollarBINANCE:XRPUSDdaytrader4beginnersπ Chart Read (Whatβs happening) Youβve marked a completed 5-wave structure down (ending at wave 1) Then an ABC corrective move up, currently at C (wave 2) Price tapped: Supply zone (grey box) Descending trendline resistance Around 0.786 Fibonacci (β1.4349) π This is a high-probability reversal zone (confluence) β οΈ Bias: BEARISH (Short Setup Preferred) Reason: Wave 2 retracement complete (deep retrace βοΈ) Resistance + supply + fib confluence βοΈ Liquidity grab above recent highs βοΈ π― Trade Plan (Primary Setup β SHORT) π΄ Entry Zone: 1.4450 β 1.4670 Best entry = after rejection candle / lower timeframe confirmation π Stop Loss: Above 1.4800 (Above liquidity + structure high) π― Targets: β Target 1: 1.4000 (Minor structure support) β Target 2: 1.3500 (Previous consolidation zone) π Target 3 (Main swing target): 1.3000 β 1.2800 (Wave 3 expansion zone) π Risk-Reward Approx 1:3 to 1:5 RR depending on entry precision π Alternate Scenario (Important) If price: Breaks & closes above 1.4800 strongly π Then: This is NOT wave 2 Likely trend reversal / continuation upward π In that case: Look for buy on retest, not sell π§ Pro Insight (LIQ TRADING POV) This looks like a classic liquidity sweep above highs Smart money likely: Took liquidity above C Now preparing for impulsive move down (wave 3) π That red arrow you drew = valid expectation β‘ Execution Tip (Very Important) Donβt blindly short. Wait for: M15 / M30 bearish engulfing OR structure break (BOS) OR fake breakout rejection