XRPUSD Bullish Trade Setup – Watching for 4H Retracement

5月11日

📊 Weekly Overview
XRPUSD has been rejecting the weekly support zone for several consecutive weeks, forming bullish candles that suggest growing buyer strength and potential upside continuation.

📉 Daily Chart Explanation
Price has broken above the daily 50EMA with a strong bullish momentum candle, indicating a shift in structure and reinforcing the bullish bias from higher timeframes.

⏱ 4H Chart Explanation
The 4H trend remains bullish, but no retracement has formed yet. I am anticipating a possible pullback in the coming sessions. Once a retracement occurs, I will wait for bullish confirmation—such as a trendline break or a reclaim of 50EMA—to look for a long opportunity.

📌 Plan
Bias: Bullish
Entry: Wait for retracement to form and look for bullish confirmation (trendline break + strong bullish candle above 50EMA)
Targets:

First Target: Previous high

Second Target: Next resistance zone on Daily timeframe
Invalidation: Break below recent 4H swing low or failure to hold above 50EMA after pullback

5月18日

註釋

Let's see if it will switch back up. Currently only market structure switch to buy. I need to see everything align before pull the trigger.

5月18日

註釋

Buy limit set.