ICT Judas Swing Setup, here’s an analysis of XRP/USDT using the provided screenshots:
1. Confirm Daily Bias
· (Daily/4H): Price is at 1.470, above SAR (1.185) but below the middle Bollinger band (1.560). MACD is negative but showing a potential bullish crossover (DIF > DEA).
The overall trend from the 2.417 high is bearish, but the bounce from 1.119 suggests a possible reversal. The daily bias is cautiously bullish as price makes higher lows.
2. Locate High-Probability Liquidity
· Key levels: Recent highs at 1.477 (24h high) and 1.495 (from third screenshot) act as resistance. Recent lows at 1.391 (24h low) and 1.383 (fourth screenshot) provide support.
Liquidity rests above these highs and below these lows.
3. Wait for Judas Raid
· (5-min): Price raided below 1.391 to 1.383 (taking out buy stops) and then rallied to 1.488, breaking above 1.477 (taking out sell stops).
This double liquidity grab could be a Judas Swing, but the direction is unclear.
4. Confirm Reversal Structure
· After the 1.488 high, price pulled back to 1.470. MACD turned bearish (DIF below DEA) on the 5-min, and price is below the upper Bollinger band (1.479).
A break below SAR (1.454) would confirm a short-term reversal. Conversely, holding above 1.454 and breaking 1.488 would maintain bullish momentum.
5. Enter on OTE (61.8–78.6%)
· For a long: The raid low at 1.383 to high at 1.488 gives an OTE zone of 1.423–1.405 (61.8–78.6% retrace). A pullback to this area with reversal confirmation could be a long entry.
· For a short: If price breaks above 1.488 and then reverses, the drop from that new high would provide an OTE zone for shorts.
Currently, a break below 1.454 could trigger a short with target at the OTE zone of the up move.
Current action: Price is consolidating near 1.470. Watch for a break of 1.454 for a potential short or a break above 1.488 for a continuation. Manage risk accordingly.
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$XRP #What’sNextforBitcoin?
ICT Judas Swing Setup, here’s an analysis of XRP/USDT using the provided screenshots:
1. Confirm Daily Bias
· (Daily/4H): Price is at 1.470, above SAR (1.185) but below the middle Bollinger band (1.560). MACD is negative but showing a potential bullish crossover (DIF > DEA).
The overall trend from the 2.417 high is bearish, but the bounce from 1.119 suggests a possible reversal. The daily bias is cautiously bullish as price makes higher lows.
2. Locate High-Probability Liquidity
· Key levels: Recent highs at 1.477 (24h high) and 1.495 (from third screenshot) act as resistance. Recent lows at 1.391 (24h low) and 1.383 (fourth screenshot) provide support.
Liquidity rests above these highs and below these lows.
3. Wait for Judas Raid
· (5-min): Price raided below 1.391 to 1.383 (taking out buy stops) and then rallied to 1.488, breaking above 1.477 (taking out sell stops).
This double liquidity grab could be a Judas Swing, but the direction is unclear.
4. Confirm Reversal Structure
· After the 1.488 high, price pulled back to 1.470. MACD turned bearish (DIF below DEA) on the 5-min, and price is below the upper Bollinger band (1.479).
A break below SAR (1.454) would confirm a short-term reversal. Conversely, holding above 1.454 and breaking 1.488 would maintain bullish momentum.
5. Enter on OTE (61.8–78.6%)
· For a long: The raid low at 1.383 to high at 1.488 gives an OTE zone of 1.423–1.405 (61.8–78.6% retrace). A pullback to this area with reversal confirmation could be a long entry.
· For a short: If price breaks above 1.488 and then reverses, the drop from that new high would provide an OTE zone for shorts.
Currently, a break below 1.454 could trigger a short with target at the OTE zone of the up move.
Current action: Price is consolidating near 1.470. Watch for a break of 1.454 for a potential short or a break above 1.488 for a continuation. Manage risk accordingly.