Recommendations for 4 Cryptocurrencies for Short-Term Trading
Below are recommendations for 4 cryptocurrencies (Bitcoin, Ethereum, Solana, XRP) for short-term trading (Scalping/Day Trading) using current prices as of May 22, 2025 (08:36 AM GMT+7), with Entry Price, Take Profit (TP), Stop Loss (SL), and brief reasons based on a 1:2 Risk-to-Reward (R/R) strategy in the 1H-4H timeframe.
1. Bitcoin (BTC/USD)
• Entry Price: $109,666
• TP: $110,800
• SL: $109,100
• Reason: Price broke $110,000 to a new ATH, short-term resistance at $111,000, SL below 1H support ($109,200), high buying volume from ETF inflows.
2. Ethereum (ETH/USD)
• Entry Price: $2,559.95
• TP: $2,620
• SL: $2,530
• Reason: Price testing support at $2,550, 4H resistance at $2,630, MACD shows bullish momentum, Layer 2 adoption supports sentiment.
3. Solana (SOL/USD)
• Entry Price: $173.93
• TP: $179
• SL: $171
• Reason: Price broke $170, short-term resistance at $180, SL below support at $171.50, DeFi volume and Alpenglow upgrade drive momentum.
4. XRP (XRP/USD)
• Entry Price: $2.40
• TP: $2.48
• SL: $2.36
• Reason: Price consolidating near $2.40, 4H resistance at $2.50, SL below support at $2.37, RLUSD and ETF talks boost sentiment.
