💥 Futures Trade Signal (New Setup)

Pair: $XRP /USDT

Position: 🔴 SHORT

Leverage: 5x – 10x

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Entry Zone:

2.2972 – 2.2392

Reason: This zone aligns with a strong resistance area based on recent price action and Fibonacci retracement levels. Price has failed to break above this range multiple times, suggesting a high probability of a reversal or pullback.

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Trade Rationale:

• Bearish Structure: XRP is forming lower highs and lower lows on the 4H and 1H charts, confirming a short-term downtrend.

• Resistance Confluence: The entry zone lies near a confluence of the 50 EMA and horizontal resistance, creating a potential short opportunity.

• Overbought Signals: RSI is near overbought on lower timeframes, suggesting limited upside and high probability of a correction.

• Volume Divergence: Buying volume has been declining despite minor upward moves, signaling weakening bullish momentum.

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Targets:

• TP1: 2.2190

• TP2: 2.1742

• TP3: 2.1293

• TP4: 2.0845

• TP5: 2.0397

Reason: These targets are based on support zones, previous lows, and key Fibonacci extensions. Each level can be used for partial profit-taking.

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Stop Loss:

2.3864

Reason: SL is placed above the most recent swing high and resistance zone to protect against a breakout and trend reversal.

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Risk Management Tip:

Adjust position size according to your leverage and risk appetite. Never risk more than 1-2% of your capital per trade.