$XRP #NFPBeatsExpectations 4H XRP/USDT chart, here’s a structured trade analysis incorporating your noted concepts:
1. Market Structure – Consolidation Range Price is trading within a well-defined 4H consolidation zone:
· Resistance: 1.449 (previous swing high) and 1.410 (24h high). · Support: 1.342–1.346 (lower Bollinger Band and 24h low). Current price (1.378) sits near the middle, below the SAR (1.402) and mid-BB (1.404), reflecting bearish momentum but range‑bound behavior.
2. Lower Timeframe Liquidity Grab The sweep to 1.342 (24h low) tapped into sell‑side liquidity (stop losses below the range). This often precedes a reversal. The fact price is back inside the range at 1.378 confirms buy-side interest.
3. Higher Timeframe Point of Interest (HTF POI) 1.449 is a clear higher timeframe resistance – a prior reaction level. This serves as the primary target for a move up from the support zone.
4. Fair Value Gap (FVG) While not explicitly plotted, a likely FVG exists between 1.378 and 1.410 (the area price moved through rapidly before the pullback). This gap is currently being mitigated and acts as an intermediate resistance – its fill would reinforce bullish momentum toward the HTF POI.
5. Trade Setup – 1:2 Risk-to-Reward
· Entry: 1.355–1.360 (retest of broken support / demand zone). · Stop Loss: 1.340 (below the liquidity‑grabbed low). · Take Profit (1:2 RR): 1.385–1.390. · Secondary Target: 1.449 (HTF POI).
Summary The liquidity grab at range support, combined with proximity to the lower Bollinger Band, offers a long opportunity with a defined risk. The 1:2 RR targets the FVG fill, while the HTF POI provides a larger swing target if momentum sustains. Monitor 4H close above 1.402 (SAR) to confirm trend shift.
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$XRP #NFPBeatsExpectations 4H XRP/USDT chart, here’s a structured trade analysis incorporating your noted concepts:
1. Market Structure – Consolidation Range
Price is trading within a well-defined 4H consolidation zone:
· Resistance: 1.449 (previous swing high) and 1.410 (24h high).
· Support: 1.342–1.346 (lower Bollinger Band and 24h low).
Current price (1.378) sits near the middle, below the SAR (1.402) and mid-BB (1.404), reflecting bearish momentum but range‑bound behavior.
2. Lower Timeframe Liquidity Grab
The sweep to 1.342 (24h low) tapped into sell‑side liquidity (stop losses below the range). This often precedes a reversal. The fact price is back inside the range at 1.378 confirms buy-side interest.
3. Higher Timeframe Point of Interest (HTF POI)
1.449 is a clear higher timeframe resistance – a prior reaction level. This serves as the primary target for a move up from the support zone.
4. Fair Value Gap (FVG)
While not explicitly plotted, a likely FVG exists between 1.378 and 1.410 (the area price moved through rapidly before the pullback). This gap is currently being mitigated and acts as an intermediate resistance – its fill would reinforce bullish momentum toward the HTF POI.
5. Trade Setup – 1:2 Risk-to-Reward
· Entry: 1.355–1.360 (retest of broken support / demand zone).
· Stop Loss: 1.340 (below the liquidity‑grabbed low).
· Take Profit (1:2 RR): 1.385–1.390.
· Secondary Target: 1.449 (HTF POI).
Risk: 0.015–0.020 USDT.
Reward (1:2): 0.030–0.040 USDT.
Summary
The liquidity grab at range support, combined with proximity to the lower Bollinger Band, offers a long opportunity with a defined risk. The 1:2 RR targets the FVG fill, while the HTF POI provides a larger swing target if momentum sustains. Monitor 4H close above 1.402 (SAR) to confirm trend shift.