One mistake I've learned to avoid is entering a short just because a coin looks weak. I've seen how quickly a sudden recovery can punish traders who ignore resistance and risk management.

Today, I'm watching $XRP around $1.30. The $1.3250โ€“$1.3400 area is my potential selling zone. If price rallies into resistance and shows bearish rejection, I would consider a short. But if buyers break through, my bearish idea could fail.

๐Ÿ“Š XRP/USDT SHORT SETUP

๐Ÿ”ด Entry: $1.3250โ€“$1.3400

๐Ÿ›‘ Stop Loss: $1.3550

๐ŸŽฏ Take Profit Targets:

TP1: $1.3100

TP2: $1.2900

TP3: $1.2700

TP4: $1.2550

My 3 trading lessons:

1. Wait for confirmation. A resistance touch alone isn't enough to justify entering.

2. Control risk. I calculate position size to limit potential loss to 1% of my trading capital.

3. Secure profits gradually. Partial exits help me manage sudden reversals.