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🚨🚨Huge dump alert 🚨🚨
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coin name:
signal type
Short ( bearish)
Why do I think XRP will go downside from current market price?
No worries I will explain all bearish and bullish scenario
1. I have added 3 chart pattern 2 patterns are daily timeframe. I can see in daily timeframe XRP created a H&S pattern If this play out XRP technical target will be 0.11... Yeah I know it's to much technical target doesn't mean must it will go there it's mean it can happen... But xrp is strong project it can't dump to .11 cent but i will explain how far it will go.
2. In another chart pattern in daly timeframe as you can see XRP was hold a support line but now I can see it's broken and then came back for retest and i can see retest competed so that breakdown confirmed. Technically it can go .36 cent. if you want you can open a short position at current market price. current market price is like .485. so it can dump from here 27% . so this is right time for short position.
3. in another screenshot it's weekly timeframe as you can see xrp RSI in weekly timeframe was holding a uptrending support line now it's broken so it's a bearish sign in longer timeframe. RSI will push xrp to the downside because I can see weakness in longer timeframe xrp chart.
4. BTC is bearish for longer timeframe according to my analysis btc can dump more than 20% so xrp also bearish. If you are in long position in xrp stay alert.
My entry price- .49
1st tp- .44
2nd tp - .42
3rd tp - .39
4th tp- .37
leverage will be 10x
SL- .52
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