$XRP /USDT Short Trade Setup 🔥💯

Entry Point: Short at 2.1440 after a confirmed breakout on the 30-minute chart.

Stop Loss (SL): 2.1800 (just above the nearest resistance level).

Take Profit (TP):

TP1: 2.1000

TP2: 2.0700

Trading Idea:

The market is currently showing a strong downtrend with lower highs, indicating the potential for further declines. A confirmed breakout below 2.1440 would signal the start of a more substantial downward move.

Risk Management:

Maintain a 1:2 risk-to-reward ratio to balance risk with potential reward.

Use appropriate position size to ensure you don’t risk too much capital.

Confirmation:

Look for an RSI below 40 to confirm that the asset is in oversold territory, indicating the potential for further declines.

Ensure there is high volume during the breakout to confirm the strength of the move.

Important Notes:

Always trade with caution and conduct your own analysis before entering any position.

Review general market conditions, especially considering upcoming cryptocurrency regulations and ETF trends that may impact price action.

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