XRPUSDT (2H) | START SELLING

🔍 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 (≈1.4349)

👉 This is a high-probability reversal zone (confluence)

⚠️ Bias: BEARISH (Short Setup Preferred)

Reason:

Wave 2 retracement complete (deep retrace ✔️)
Resistance + supply + fib confluence ✔️
Liquidity grab above recent highs ✔️

🎯 Trade Plan (Primary Setup – SHORT)

🔴 Entry Zone:
1.4450 – 1.4670
Best entry = after rejection candle / lower timeframe confirmation

🛑 Stop Loss:
Above 1.4800
(Above liquidity + structure high)

🎯 Targets:

✅ Target 1:
1.4000
(Minor structure support)
✅ Target 2:
1.3500
(Previous consolidation zone)
🚀 Target 3 (Main swing target):
1.3000 – 1.2800

(Wave 3 expansion zone)

📉 Risk-Reward
Approx 1:3 to 1:5 RR depending on entry precision
🔁 Alternate Scenario (Important)

If price:

Breaks & closes above 1.4800 strongly

👉 Then:

This is NOT wave 2
Likely trend reversal / continuation upward

📌 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)

👉 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