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4-hour XRP/USDT chart, here's a technical analysis using Fair Value Gaps (FVG)
Chart Overview
Current Price: 2.8724 USDT
Price Action: Recent bearish move after a swing high near the 3.00 level.
Key Levels:
4H Bullish FVG Zone: Between approx. 2.82 – 2.88
4H Bearish FVG Zone: Around 2.74 – 2.79
Next Liquidity Pool: Slightly below the current price (around 2.80–2.82)
Swing High (Resistance): 3.00+
Swing Low (Support): 2.75
Entry Idea:
Entry (Buy): Around 2.82 – 2.85 USDT
Enter as the price respects or starts to reverse from the FVG zone (watch for bullish candles or wick rejections on smaller timeframes like 1H or 15min).
🛑 Stop Loss (SL):
Below 4H Bearish FVG/Swing Low: Set SL slightly below the 2.74–2.76 region.
Recommended SL: 2.72 USDT
Gives room below structure and liquidity zone to avoid premature stop-outs.
Take Profits (TP):
1. TP1: Previous swing high near 2.90–2.92 USDT
2. TP2: Key resistance and major swing high around 3.00–3.05 USDT
3. TP3 (Aggressive): Near 3.10+ USDT, where significant liquidity might rest.
Summary
Strategy: Buy on pullback into 4H Bullish FVG.
Entry Zone: 2.82–2.85
Stop Loss: 2.72
Take Profit: TP1 = 2.92, TP2 = 3.02, TP3 = 3.10
Bias: Bullish short-term unless 2.72 is broken.