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That’s a sharp bearish trade setup you’ve put together for $XRP 👀
Here’s a quick breakdown of your call:
Current Price: ~$2.99 (already testing support)
Entry Zone (Short): $3.13–$3.18 → Looking to catch a bounce into resistance before fading it
Take Profits:
TP1: $3.05 (safe scalp)
TP2: $2.99 (current support retest)
TP3: $2.92 (next downside target)
Stop Loss: $3.22 (just above resistance zone at $3.20–$3.25)
Market Context:
Rejection at $3.35 was a major bearish sign.
Trend is firmly down, and losing $3.15 confirms sellers are defending that level.
Weak bounces into $3.15–$3.18 look like good short re-entry zones.
⚠️ As always, risk management is key—tight SLs are smart here since XRP can wick hard.
Do you want me to chart this setup visually (candles with entry/TP/SL marked) so you can see the structure more clearly?