$RPL /USDT – SHORT TRADE OPPORTUNITY AFTER STRONG REJECTION
RPL faced a clear rejection near the $8.25 resistance level and has shown a bearish reversal on the 15-minute chart. A lower high has formed, followed by consistent red candles, indicating a short-term downtrend.
Short Entry Zone: $7.95 – $8.05
Target Points:
TP1: $7.65
TP2: $7.40
TP3: $7.10
Stop Loss: $8.28 (above the previous wick high)
Technical Overview:
Bearish engulfing patterns at the top
Breakdown of support at $7.95
Strong rejection from $8.25 resistance zone
Short-term selling pressure increasing
Risk Management:
Use strict risk control. Allocate only a small percentage of your capital. Adjust lot size based on stop loss and reward ratio. Wait for confirmation on breakdown before entering.