đ„ XRP/USDC Bearish Continuation Setup â Donât Miss This Opportunity! đ„
Hey Binance Square community! đ Iâve spotted a high-probability bearish setup on XRP/USDC that I couldnât wait to share with you all. The price has just confirmed a strong bearish continuation after breaking key levels, and the order book is screaming for a deeper drop. Letâs break it down! đ
đ Showing strong selling pressure.
đ Trade Setup
Entry (Sell): Sell now at the current price or wait for a pullback with a rejection (bearish candlestick confirmation).
Stop Loss: 2.2000 (above the failed retest level for safety).
Take Profit:
TP1: 1.7350 (previous support, +0.2658 profit).
TP2: 1.4715 (next major support, +0.5293 profit).
Risk-Reward Ratio: 1.33:1 (TP1), 2.66:1 (TP2) â solid setup! đȘ
â ïž Key Confirmations
RSI (14): <50
MACD: Bearish
Volume: strong selling pressure.
đĄ Pro Tip
Monitor the order book closely! If bid liquidity at 2.0 (312,429 XRP) gets consumed quickly, the price could drop to 1.7350 faster than expected.
Take partial profits at 1.7350 and trail your stop loss to lock in gains. If RSI drops below 30 (oversold), be ready for a potential reversal.
đš Risk Management
Risk only 1-2% of your account per trade.
If the price breaks above 2.2000, the setup is invalidated â exit immediately and look for a new opportunity.
đ Why This Setup?
This trade combines price action (failed pattern + key level breakdown), order book analysis (thin liquidity below 2.0), and indicator confirmation (RSI, MACD). The risk-reward is fantastic, and the market structure is clearly bearish. Donât sleep on this one! đ
What do you think, fam? Are you jumping on this bearish wave with me? Drop your thoughts below, and if you find this analysis helpful, a little Tips Money would mean the world! đ Letâs make some profits together! đ°
#XRP #USDC #BearishSetup #TradingTips #BinanceSquare
