$XRP /USDT โ BEARISH SETUP CONFIRMED ๐ปโ ๏ธ
๐ Current Price: $2.0886
๐ Trend: Bearish Reversal in Progress
๐ Technical Overview:
MA(7): $2.0949
MA(25): $2.1098
MA(99): $2.1768
MACD: Bearish crossover with increasing sell volume
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๐งฑ KEY LEVELS TO WATCH:
๐ผ Resistance:
$2.10 โ Short-term resistance (MA25)
$2.16 โ Minor rejection area
$2.22โ$2.23 โ Strong resistance (24h high zone)
๐ฝ Support:
$2.06 โ Daily low
$2.00 โ Psychological level
$1.95 โ Key horizontal support from previous structure
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๐ฅ TRADE SETUP โ SHORT POSITION
๐ Entry Zone: $2.09โ2.11 (around MA7/MA25 confluence)
๐ฏ Targets (TP):
TP1: $2.06
TP2: $2.00
TP3: $1.95
๐ Stop Loss (SL): $2.17 (above MA99 & invalidation zone)
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๐ก๏ธ RISK MANAGEMENT:
๐น Risk only 1โ2% per trade
๐น No chasing after breakdowns โ wait for clean retests
๐น Stick to your TP/SL levels โ protect your capital ๐ก๏ธ
๐ $XRP losing steam โ bearish confirmation points to further downside. Trade smart, not emotional! ๐ฃ๐
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