Good morning professor, I have losses in VELODROME and KAYA, is it better to hold on or exchange for another, which currency would have a better chance of recovery?
📉 Market Insight: • XRP is trading within a downtrend, breaking critical support levels. • The next support zone is around $2.0500; failure to hold here could trigger further downside. • Resistance at $2.2500, where a rejection may reinforce bearish momentum.
🎯 Trading Plan: 1. Short Entry: Below $2.10 for confirmation of trend continuation. 2. Target 1: $2.05 Target 2: $2.00 (if $2.05 breaks). 3. Stop Loss: Above $2.20 to manage risk.
⚠️ Tips for Traders: • Secure partial profits near $2.05. • Adjust stop-loss as the price moves in your favor. • Watch for a potential reversal at oversold zones.
📊 Stay Updated with Trends: #CryptoTrading #BearishSignal #XRPUSDT #