XRP/USD โ 30-Min Short Trade Setup๐๐ฅฐ
$XRP
๐น Asset: XRP/USD
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bearish Breakdown
๐ Trade Plan (Short Position)
โ
Entry: Below $2.13 (Breakdown Confirmation)
โ
Stop-Loss: Above $2.18 (Break of Resistance)
๐ฏ Targets:
๐ TP1: $2.05 (First Support Level)
๐ TP2: $1.94 (Extended Bearish Move)
๐ Risk-Reward Ratio
๐ Risk: $2.13 - $2.18 = $0.05 per XRP
๐ Reward:
โ TP1: 1:1.6 R/R
โ TP2: 1:3.8 R/R
๐ Technical Analysis
๐ Bearish Wedge Breakdown โ Price is losing momentum.
๐ Lower Highs & Weak Support โ Indicating potential further downside.
๐ Breakdown Confirmation โ A strong candle close below $2.13 signals further decline.
๐ Risk Management
๐ Confirm Volume โ Strong selling pressure below $2.13 before entry.
๐ Trailing Stop โ Move SL to entry after TP1 ($2.05).
๐ฐ Partial Profits โ Take 50% at $2.05, let the rest run to $1.94
