$XRP/USDT Short Trade Setup
Entry Point: $3.0700 (on confirmed break below support)
Take Profit (TP):
TP1: $3.0300
TP2: $3.0000
Stop Loss (SL): $3.1200
Analysis:
XRP is forming consistent lower highs, indicating weakening bullish momentum.
A confirmed break below $3.0700 could trigger increased selling pressure, targeting key psychological and technical support levels.
Bearish volume dominance on the chart further supports the case for short positions.
Risk Management:
Maintain a 1:2 risk-to-reward ratio to enhance profitability.
Use proper position sizing to protect capital and manage risk effectively.
Note: Trade cautiously and stay vigilant—monitor price action and market sentiment closely.
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