$XRP
/USDT | SHORT SETUP
Trade type: Sell (SHORT)
Entry zone (ENTRY):
1.0486 – 1.0530
Take-profit targets (TAKE PROFIT):
TP1: 1.0091 (-4.0%)
TP2: 0.9814 (-6.6%)
TP3: 0.9397 (-10.6%)
Stop loss (STOP LOSS):
1.1063 (+5.3%)
Technical analysis:
XRP is showing clear signs of weakness on both the daily and 4-hour timeframes, with the price moving below clusters of declining exponential moving averages.
On the daily timeframe, the price is trading below the EMA50, while the EMA50 itself is below the EMA200. This technical alignment reinforces the bearish outlook and supports the continuation of the downtrend.
Trade management:
Target levels are monitored progressively, while adhering to the stop loss and managing capital to reduce potential risks.
/USDT | SHORT SETUP
Trade type: Sell (SHORT)
Entry zone (ENTRY):
1.0486 – 1.0530
Take-profit targets (TAKE PROFIT):
TP1: 1.0091 (-4.0%)
TP2: 0.9814 (-6.6%)
TP3: 0.9397 (-10.6%)
Stop loss (STOP LOSS):
1.1063 (+5.3%)
Technical analysis:
XRP is showing clear signs of weakness on both the daily and 4-hour timeframes, with the price moving below clusters of declining exponential moving averages.
On the daily timeframe, the price is trading below the EMA50, while the EMA50 itself is below the EMA200. This technical alignment reinforces the bearish outlook and supports the continuation of the downtrend.
Trade management:
Target levels are monitored progressively, while adhering to the stop loss and managing capital to reduce potential risks.
