$XRP /USDT SHORT TRADE SIGNAL – DEAD CAT BOUNCE AFTER SHARP DROP!
XRP fell aggressively from the $2.22 zone down to a low of $2.05. While a small bounce followed, the structure remains bearish. Price is now consolidating in a tight range below $2.10, with no strong recovery volume—hinting at a likely continuation to the downside.
Trade Setup (SHORT):
Entry: $2.09 – $2.12
Target 1: $2.0700
Target 2: $2.0590
Stop Loss: $2.1250
Why Short?
A textbook bear flag has formed after a massive sell-off. With momentum still on the downside and no bullish breakout from the current range, this setup favors shorting the rejection zone.
Risk Management Tip:
Keep your SL tight near $2.1250 — if XRP pushes through, trend reversal might occur. Trade what you see, not what you feel.
Sell smart — don’t chase green candles when the trend is turning red!
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