How to Convert $30 into $90 with $XRP /USDT
Bearish Trading Strategy
1. Current Price: $2.0682 (-5.41%)
2. Entry Point:
Short near $2.10 if the price fails to break resistance.
3. Target:
Short-Term Target: $1.95
Mid-Term Target: $1.85
4. Stop-Loss:
Place a stop loss above $2.15 to manage risk.
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Shorting Strategy (For Futures Trading)
1. Leverage:
Use 3x leverage for higher returns.
2. Entry Point:
Enter a short position near $2.10 if downward pressure persists.
3. Targets:
Short-Term Target: $1.95
Mid-Term Target: $1.85
4. Stop-Loss:
Set a stop loss around $2.20 to limit potential losses.
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Risk Management
Allocate $20 for spot trading and $10 for futures trading. Adjust stop-loss levels as the market trends.
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Disclaimer:
Always perform thorough analysis and use proper risk management strategies.
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This time, $30 can turn into $90 with this bearish strategy for XRP/USDT!