Professor Mike Official
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Bearish
$XRP /USDT Short Trade Alert: Rejection at Resistance Signals Downside Risk! 🔥💯
$XRP /USDT is showing signs of weakness after facing strong rejection at the key resistance zone between $2.2296 and $2.2483. The price has failed to hold above this zone multiple times, indicating strong selling pressure. The overall structure is forming lower highs, which suggests that bears are gaining control. A breakdown below the immediate support at $2.22 would likely accelerate the downward move toward the next major support at $2.14.
Trade Setup:
Entry Price: $2.22–$2.23
Target: $2.1430
Stop Loss: $2.2480
Additional Insight:
The bearish setup is supported by increased selling pressure at resistance and a weakening upward momentum. If the price breaks below $2.22 with volume confirmation, expect a quick drop to the $2.14 level. Maintain a tight stop above $2.2480 to manage risk in case of a bullish reversal.
#USTariffs #UkraineRussiaCeasefire #MGXBinanceInvestment #BinanceAlphaAlert #MtGoxTransfers
$XRP /USDT is showing signs of weakness after facing strong rejection at the key resistance zone between $2.2296 and $2.2483. The price has failed to hold above this zone multiple times, indicating strong selling pressure. The overall structure is forming lower highs, which suggests that bears are gaining control. A breakdown below the immediate support at $2.22 would likely accelerate the downward move toward the next major support at $2.14.
Trade Setup:
Entry Price: $2.22–$2.23
Target: $2.1430
Stop Loss: $2.2480
Additional Insight:
The bearish setup is supported by increased selling pressure at resistance and a weakening upward momentum. If the price breaks below $2.22 with volume confirmation, expect a quick drop to the $2.14 level. Maintain a tight stop above $2.2480 to manage risk in case of a bullish reversal.
#USTariffs #UkraineRussiaCeasefire #MGXBinanceInvestment #BinanceAlphaAlert #MtGoxTransfers
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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