$RPL /USDT BEARISH BREAKDOWN 🔻 | LIQUID STAKING WEAKNESS AHEAD!

Rocket Pool ($RPL) is showing signs of continued weakness, losing -2.50% in the last 24 hours and currently trading at $5.84. The price failed to reclaim $6.00 and is heading toward a bearish continuation.

📉 Key Levels:

Resistance: $6.04 🧱

Support 1: $5.60 🔻

Support 2: $5.20 ⚠️

Current Price: $5.84

🔍 Technical Outlook: Price action has been rejected at the $6.04 resistance, followed by a steady drop and weak recovery attempts. Bearish momentum dominates with lower highs forming on lower timeframes.

💣 Trade Setup (SHORT):

Entry: $5.85 - $5.90

Take Profit 1: $5.60

Take Profit 2: $5.20

Stop Loss: $6.08

📊 Risk Management:

Risk only 1-2% of your capital per trade. Stick to your stop-loss to preserve capital and avoid overleveraging. 🛡️

⚠️ Bearish trend in play – trade cautiously and follow momentum!

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