$XRP ๐จ Trade Setup: Key Levels to Watch! ๐
Trade Direction: Short ๐ด
Entry Range: $0.9995 - $1.0015
Stop Loss (SL): $1.0080 (Above recent swing high)
Take Profit (TP): $0.9960 (Near 24h low support)
๐Market Reason:
The price is showing bearish momentum on the 1-hour chart. It has broken below the key Moving AveragesโMA(7), MA(25), and MA(99)โwhich are now acting as strong resistance. Expecting a further drop toward the local support level.
Trade Direction: Short ๐ด
Entry Range: $0.9995 - $1.0015
Stop Loss (SL): $1.0080 (Above recent swing high)
Take Profit (TP): $0.9960 (Near 24h low support)
๐Market Reason:
The price is showing bearish momentum on the 1-hour chart. It has broken below the key Moving AveragesโMA(7), MA(25), and MA(99)โwhich are now acting as strong resistance. Expecting a further drop toward the local support level.