Rashmika 01
--
🚨 $XRP/USDT – Short Setup Active! 🔥
$XRP
XRP has recently broken down from a rising channel and is currently retesting Fair Value Gaps (FVGs), suggesting potential for further downside.
🔎 Market Insights:
FVGs Stacked at Breakdown Point: This confirms a resistance zone where sellers are likely to dominate.
Bearish Order Block Rejection: Indicates strong seller presence, reinforcing the bearish outlook.
Liquidity Grab Above Local Highs: A common precursor to increased selling pressure.
📉 Trade Setup (Short Position):
Entry Zone: $2.2850 – $2.2980 (on a pullback into the FVG)
Targets:
Target 1: $2.2500
Target 2: $2.2235
Stop Loss: $2.3191
📈 Bullish Scenario:
If XRP surpasses $2.3200, it could invalidate this short setup and potentially rally towards $2.3500.
💡 Pro Tip:
Before entering the trade, wait for a strong rejection wick during the retest to confirm seller strength.
📉 Will XRP Break Lower? Share Your Thoughts!
*Stay informed and trade responsibly!*
XRP has recently broken down from a rising channel and is currently retesting Fair Value Gaps (FVGs), suggesting potential for further downside.
🔎 Market Insights:
FVGs Stacked at Breakdown Point: This confirms a resistance zone where sellers are likely to dominate.
Bearish Order Block Rejection: Indicates strong seller presence, reinforcing the bearish outlook.
Liquidity Grab Above Local Highs: A common precursor to increased selling pressure.
📉 Trade Setup (Short Position):
Entry Zone: $2.2850 – $2.2980 (on a pullback into the FVG)
Targets:
Target 1: $2.2500
Target 2: $2.2235
Stop Loss: $2.3191
📈 Bullish Scenario:
If XRP surpasses $2.3200, it could invalidate this short setup and potentially rally towards $2.3500.
💡 Pro Tip:
Before entering the trade, wait for a strong rejection wick during the retest to confirm seller strength.
📉 Will XRP Break Lower? Share Your Thoughts!
*Stay informed and trade responsibly!*
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0