BOTH LONG AND SHORT BUT SHORT MOST ESPECIALLY.

📉 Current Market

Price: $2.1246

Down -1.25% in the current 15-min window

Trend: Strong downtrend

MAs (Moving Averages):

MA(7): $2.1336 (above price — bearish)

MA(25): $2.1583 (above price — bearish)

MA(99): $2.1606 (far above — confirms long-term bearish pressure)

Volume: Increasing during price drop = strong selling pressure

Recent Low: $2.1150 (just touched)

🔍 Key Note:

Price is below all major moving averages

➤ This confirms bearish structure across short, medium, and long term.

MA(7) is sharply sloping downward

➤ Momentum is still strongly negative.

Volume spike with red candles

➤ Sellers are still dominant, no clear sign of reversal yet.

No bullish candle formations

➤ No hammer, engulfing, or long wick rejection — nothing suggesting buyers stepping in.

🚫 Should You Go Long?

NO. Not yet.

Going long now = catching a falling knife. Even though price seems low, there’s no confirmation of a bounce.

Entering long in a strong downtrend without reversal confirmation is risky.

✅ Should You Go Short? 🫡🫡🫡🫡🫡🎉
Yes, with caution.

You may go short if:

Price pulls back near MA(7) or MA(25)

A bearish candle forms (like evening star, engulfing)

📌 Ideal short entry: $2.130 – $2.135

🎯 Target: $2.1150 (recent low), next $2.100

❌ Stop loss: Above $2.140 or just above MA(25)

🛡️ Capital Protection Rules

Wait for confirmation before shorting (never chase red candles)

Use tight stop-loss (1–1.5% max risk)

Avoid trading mid-trend without a proper pullback

Switch to smaller size when volatility is high

⚠️ Watch For This Before Considering Long

A bullish engulfing candle or hammer near $2.115

Volume drop on red candles + rise on green

Price crossing and holding above MA(7)

#MyTradingStyle $XRP