Let’s take XRP as an example and I’ll show you how I analyze the macro, micro structure, and fundamentals.
📖 Macro view (4h timeframe):
XRP approached a major resistance zone around 2.3–2.4. The level didn’t break on the first try, leading to a strong pullback and giving us a great SHORT opportunity — especially with BTC also leaning bearish at the time. Micro — active spot sells.
Fundamentals:
The news background today was shaky. Bessent once again talked nonsense about tariffs, but China keeps denying, leading to sharp sell-offs.
Trump will deliver a speech on April 29th 🤵 to mark his first 100 days in office, and he’ll likely drop plenty of nonsense about the markets and economy. This is already pushing some traders to start exiting positions early.
Rumors about a Ripple ETF triggered massive FOMO longs today, which is usually a strong SHORT signal.
Summing up all these factors, my strategy pointed to a SHORT trade: unfortunately, we got stopped out on BTC, but nailed a great move on XRP.
Hope you like it and will be useful for all
