š $XRP /USDT Complete Long & Short Trade Setup š
Current Price: $2.4148 š (-5.79%)
24H High: $2.6262
24H Low: $2.3737
Order Book Sentiment:
š¢ 59.40% Buyers vs š“ 40.60% Sellers
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š Long Trade Setup (Bullish Bias)
Bullish Technical Analysis
1. XRP is testing a key support zone near $2.40, a potential bounce area.
2. The order book shows more buyers, indicating some demand at current levels.
3. A breakout above $2.45 could confirm an upward move.
4. RSI is near oversold, meaning a potential bounce is likely.
ā Long Entry (Buy Zone):
Buy between: $2.38 - $2.42
šÆ Target 1: $2.45
šÆ Target 2: $2.50
š Target 3: $2.60 (Major Resistance)
š Stop Loss: $2.35
š Long Strategy Notes:
If price breaks above $2.45, expect further bullish momentum.
If price drops below $2.35, exit longs to avoid more downside.
Ideal risk-to-reward ratio: 1:2 or better.
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š Short Trade Setup (Bearish Bias)
Bearish Technical Analysis
1. XRP has seen strong selling pressure from $2.60 downward.
2. If the price fails to hold above $2.40, a move towards $2.35 or lower is likely.
3. The order book still has a significant number of sellers (40.60%), suggesting downward pressure.
4. MACD is bearish, and volume is favoring sellers.
š» Short Entry (Sell Zone):
Sell between: $2.42 - $2.45
šÆ Target 1: $2.40
šÆ Target 2: $2.35
š Target 3: $2.30 (Major Breakdown)
š Stop Loss: $2.47
š Short Strategy Notes:
If price breaks below $2.40, expect stronger selling pressure.
If price moves above $2.47, exit shorts to avoid losses.
Ideal risk-to-reward ratio: 1:2 or better.
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š Final Verdict:
š Bullish above $2.45 (Target $2.60+)
š Bearish below $2.40 (Target $2.30)
š„ Key Level to Watch: $2.40 (Breakdown) & $2.45 (Breakout)
ā ļø Trade with caution and manage risk properly! šš„