Short Trade Signal for $XRP /USDT🔥💯
Market Overview:
$XRP is showing a clear downtrend on the 30-minute chart, with consistent lower highs and lower lows. The recent price action near $2.1570 suggests a potential continuation of the bearish move.
Trade Setup:
• Entry: $2.1500
• Take Profit (TP):
• TP1: $2.1000
• TP2: $2.0500
• Stop Loss (SL): $2.2000
Analysis:
1. Bearish momentum is intact, supported by increasing selling pressure.
2. Price broke below key support at $2.1800, confirming a sell signal.
3. Volume indicates stronger activity during declines, aligning with short bias.
4. Traders should monitor for a bounce to $2.1700, which may offer a better risk-to-reward entry.
Risk Management:
Adjust stop loss to breakeven as price approaches TP1. Secure partial profits if TP1 is hit and let the remainder run toward TP2.
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