How to Convert $30 into $90 with $XRP /USDT
Bearish Trading Strategy
1. Current Price: $2.02 (-6.78%)
2. Entry Point:
Wait for a retest of $2.05. If it fails to break higher, consider shorting.
3. Target:
Short-Term Target: $1.95
Mid-Term Target: $1.85
4. Stop-Loss:
Set a stop loss above $2.10 to minimize risk.
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Shorting Strategy (For Futures Trading)
1. Leverage:
Use 4x leverage to maximize returns on the bearish move.
2. Entry Point:
Enter a short position near $2.05 if resistance holds.
3. Targets:
Short-Term Target: $1.95
Mid-Term Target: $1.85
4. Stop-Loss:
Place your stop loss around $2.10 for protection.
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Risk Management
Allocate $20 for spot trading and $10 for futures. Monitor price trends closely to adjust stop-loss levels.
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Disclaimer:
Always conduct due diligence and apply proper risk management when trading.
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This approach could turn $30 into $90 with XRP/USDT!