đ„ XRP/USDC Bearish Setup â High-Probability Trade! đ„
Hey Binance Square fam! đ Spotted a strong bearish continuation on XRP/USDC after a failed Gartley Pattern. The price broke below 2.1947 and 1.9470, and the order book shows thin liquidity below 2.0. Letâs trade this! đ
đ Quick Analysis
Breakdown: Price failed to retest 2.1947 and broke below 1.9470, confirming bearish momentum.
Order Book: Thin bids below 2.0 (only 68,340 XRP at 1.7), suggesting a drop to 1.7350 if 2.0 fails.
Indicators: RSI neutral, MACD bearish, volume spiked to 287M (strong selling).
đ Trade Setup
Entry (Sell): Sell at ~Current 2.1947
Stop Loss: 2.2000.
Take Profit:
TP1: 1.7350 (+0.2658).
TP2: 1.4715 (+0.5293).
Risk-Reward: 1.33:1 (TP1), 2.66:1 (TP2).
đĄ Pro Tip
Take partial profits at 1.7350 and trail your stop. Watch for RSI < 30 (oversold) near TP levels for a potential reversal.
đš Risk Note
Risk 1-2% of your account. If price breaks above 2.2000, exit the trade.
What do you think? Ready to ride this bearish wave? Drop your thoughts below, and if this helps, a small Tips coins would be awesome! đ Letâs profit together! đ°
