$XRP / USDT SHORT TRADE SETUP 🔴
Selling Pressure Evident After Rejection
Current Price: 3.2248
Market Structure: Price surged to 3.3825 but faced strong rejection. A significant red candle indicates sellers are reclaiming control, suggesting potential for further downside movement.
Entry Zone:
Short position can be considered between 3.2300 and 3.2600 on a minor bounce.
Stop Loss:
Placed above 3.3000 to protect against a possible false breakout.
Target Levels:
TP1: 3.1600
TP2: 3.1000
TP3: 3.0500
Trade Rationale:
XRP’s failure to sustain above the 3.3800 level reflects buyer exhaustion. If bearish momentum persists, the price may retest lower support zones, making upward retracements ideal short entry opportunities.
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