Trade Setup:
COIN: $XRP /USDT
Leverage: 5-10x
Direction: SHORT (Due to overbought RSI and bearish sentiment).
Entry Price:
2.3954
−
2.3954−2.4000 (Current price zone, post-confirmation of bearish momentum).
Targets:
Target 1: $2.3700 (Psychological support).
Target 2: $2.3627 (24-hour low).
Target 3: $2.3500 (Next support level).
Stop Loss: $2.4200 (Above recent high and psychological resistance).
Note:
Confirm the bearish momentum with strong volume before entering the trade.
Watch for potential reversals near $2.3627 (24-hour low), which could cause a short-term bounce.
Adjust leverage based on risk tolerance, and always use proper risk management.
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