$XRP

XRP/USDT 15-Minute Futures Trade Setup (Short Position)

Leverage: 10x

Risk Limit: 5% loss max

Trade Plan (Bearish)

Entry: ~$2.172 (current price area)

Stop-Loss: ~$2.180 (just above the recent swing high / EMA resistance)

Take-Profit: ~$2.140 (targeting recent support near $2.13)

Risk/Reward: ~4:1 (about 0.37% risk for 1.5% potential gain)

Technical Justification

Trend: Short-term downtrend. Price is below the 99 EMA, which suggests bearish dominance.

Moving Averages: 7 EMA is under 99 EMA. The price failed to break above the 99 EMA, acting as dynamic resistance.

Candles: Recent price action shows rejection at resistance and a bearish engulfing forming after a weak bounce.

Support/Resistance: Clear resistance at $2.17–$2.18. Support exists near $2.13, the recent low.

Volume: The bounce had weaker volume, indicating fading bullish momentum.

Trade Management

Position Sizing: Ensure that a 0.008 move (≈0.37%) equates to a 5% total account loss with 10x leverage.

Order Type: Short on market or limit near $2.172–2.176.

Stop-Loss: $2.180 — just above recent price rejection and 99 EMA.

Take-Profit: $2.140 — just before key support at $2.1318 to ensure fill.

Adjustment: Move stop to breakeven if price drops significantly; trail stop if trend continues.

Would you like a long setup alternative as well, in case the resistance breaks?