XRPUSDT (2H) | START SELLING

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XRPUSDT (2H) | START SELLING XRP / US DollarBINANCE:XRPUSDdaytrader4beginnersπŸ” Chart Read (What’s happening) You’ve 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 (β‰ˆ1.4349) πŸ‘‰ This is a high-probability reversal zone (confluence) ⚠️ Bias: BEARISH (Short Setup Preferred) Reason: Wave 2 retracement complete (deep retrace βœ”οΈ) Resistance + supply + fib confluence βœ”οΈ Liquidity grab above recent highs βœ”οΈ 🎯 Trade Plan (Primary Setup – SHORT) πŸ”΄ Entry Zone: 1.4450 – 1.4670 Best entry = after rejection candle / lower timeframe confirmation πŸ›‘ Stop Loss: Above 1.4800 (Above liquidity + structure high) 🎯 Targets: βœ… Target 1: 1.4000 (Minor structure support) βœ… Target 2: 1.3500 (Previous consolidation zone) πŸš€ Target 3 (Main swing target): 1.3000 – 1.2800 (Wave 3 expansion zone) πŸ“‰ Risk-Reward Approx 1:3 to 1:5 RR depending on entry precision πŸ” Alternate Scenario (Important) If price: Breaks & closes above 1.4800 strongly πŸ‘‰ Then: This is NOT wave 2 Likely trend reversal / continuation upward πŸ“Œ In that case: Look for buy on retest, not sell 🧠 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) πŸ‘‰ That red arrow you drew = valid expectation ⚑ Execution Tip (Very Important) Don’t blindly short. Wait for: M15 / M30 bearish engulfing OR structure break (BOS) OR fake breakout rejection