$XRP /USDT short trade setup looks solid with a clear risk-reward ratio and entry/exit levels.
$XRP /USDT Short Trade Setup:
Entry: $2.230 (current price level)
Stop Loss (SL): $2.280 (above local resistance)
Take Profit (TP):
TP1: $2.200 (short-term target)
TP2: $2.170 (next major support level)
Risk-Reward Ratio: Approx. 1:3
Reasoning:
Chart Analysis: Bearish continuation with lower highs on the 15-minute timeframe.
Breakout Confirmation: A drop below $2.230 confirms the short entry, targeting the next support zones.
Capital Management: Tight stop-loss limits risk, while incremental profits can be secured at TP1. After reaching TP1, adjust SL to breakeven for TP2 to maximize potential gains with reduced risk.
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