$XRP Liquidated Long: $71.7K at $2.310
$XRP Analysis:
The liquidation at $2.310 suggests strong resistance at this level.
A pullback is likely as the market reacts to the sell pressure.
This opens up potential short opportunities below the resistance zone.
Suggested Trade Setup:
Entry Point: $2.300
Stop Loss: $2.350
Target: $2.200
This strategy capitalizes on expected downward momentum with a favorable risk-reward balance.
Adjust your position size and risk management accordingly.