$XRP

Pair: XRP/USDT (Perp)

Timeframe: 15m

📌 Setup that you wrote:

Entry: 3.0405 (SHORT position)

SL (Stop Loss): 3.0793

TP1: 2.9736

TP2: 2.9441

TP3: 2.8886

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🔎 Chart Analysis:

1. Current price 3.0225 → already below the entry area (3.0405), meaning the short position has been triggered.

2. There is strong resistance around 3.04 – 3.08 (according to the red line & the top wick of the candle), suitable for SL above 3.0793.

3. The nearest support area is at 3.00 – 2.98 (in line with TP1).

4. If support at 2.98 breaks, there is a high possibility that the price can drop to the area 2.94 – 2.89 (TP2 & TP3).

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📊 Risk & Reward

Entry to SL: ±0.0388 (risk around 1.28%).

Entry to TP1: ±0.0669 (reward around 2.2%).

R:R ratio > 1:2 → already quite ideal.

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✅ Conclusion

Your short setup is still valid, as the price rejected at the area 3.04.

TP1 is very realistic (area 2.97 support).

If it breaks 2.97, there is a good chance to continue to TP2 & TP3.

SL 3.0793 is already correct, as it is above resistance.

⚠️ Note: if the price successfully breaks out and closes above 3.08, then the small trend could change to bullish → better to cut loss according to SL.