📉 🚀
🔹 Asset: XRP/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown
📌 Trade Plan (Short Position)
✅ Entry: Below $2.13 (Breakdown Confirmation)
✅ Stop-Loss: Above $2.18 (Break of Resistance)
🎯 Targets:
📌 TP1: $2.05 (First Support Level)
📌 TP2: $1.94 (Extended Bearish Move)
📊 Risk-Reward Ratio
📉 Risk: $2.13 - $2.18 = $0.05 per XRP
📉 Reward:
✔ TP1: 1:1.6 R/R
✔ TP2: 1:3.8 R/R
🔍 Technical Analysis
📌 Bearish Wedge Breakdown – Price is losing momentum.
📌 Lower Highs & Weak Support – Indicating potential further downside.
📌 Breakdown Confirmation – A strong candle close below $2.13 signals further decline.
📉 Risk Management
📊 Confirm Volume – Strong selling pressure below $2.13 before entry.
📈 Trailing Stop – Move SL to entry after TP1 ($2.05).
💰 Partial Profits – Take 50% at $2.05, let the rest run to $1.94.
🚀 Trade smart, follow the plan & manage risk! 🔥 #XRP #CryptoTrading #ShortTrade #BreakdownTrade #ProfittoPath #TradingView
🔹 Asset: XRP/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown
📌 Trade Plan (Short Position)
✅ Entry: Below $2.13 (Breakdown Confirmation)
✅ Stop-Loss: Above $2.18 (Break of Resistance)
🎯 Targets:
📌 TP1: $2.05 (First Support Level)
📌 TP2: $1.94 (Extended Bearish Move)
📊 Risk-Reward Ratio
📉 Risk: $2.13 - $2.18 = $0.05 per XRP
📉 Reward:
✔ TP1: 1:1.6 R/R
✔ TP2: 1:3.8 R/R
🔍 Technical Analysis
📌 Bearish Wedge Breakdown – Price is losing momentum.
📌 Lower Highs & Weak Support – Indicating potential further downside.
📌 Breakdown Confirmation – A strong candle close below $2.13 signals further decline.
📉 Risk Management
📊 Confirm Volume – Strong selling pressure below $2.13 before entry.
📈 Trailing Stop – Move SL to entry after TP1 ($2.05).
💰 Partial Profits – Take 50% at $2.05, let the rest run to $1.94.
🚀 Trade smart, follow the plan & manage risk! 🔥 #XRP #CryptoTrading #ShortTrade #BreakdownTrade #ProfittoPath #TradingView
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.