🔻
Setup Type: Bearish Breakdown – Symmetrical Triangle
Trade Plan: Short Position
🎯 Entry & Exit Plan
Entry Zone: Around $142.80B (Break below triangle support)
Stop-Loss (SL): Near $144.05B (Above upper triangle resistance)
Take-Profit Targets:
TP1: $140.96B (Support / previous reaction zone)
TP2: $138.72B (Major support)
📊 Risk-Reward Breakdown
Risk: ~$1.25B
Reward to TP1: ~$1.84B → R:R ~1:1.5
Reward to TP2: ~$4.08B → R:R ~1:3.2
✅ Strong asymmetric reward potential
🔍 Technical Breakdown
Bearish Breakdown: Price breaking below triangle support with increased volume
Trendline Support: Broken – signaling potential momentum shift
Resistance Above: $144.05B – strong rejection area
Support Zones:
TP1: $140.96B
TP2: $138.72B
⚙️ Execution Strategy
Confirmation Required: Enter only after candle closes below trendline with decent volume
Partial Profit Booking:
50% at TP1
Let the rest run to TP2
SL Adjustment: Move SL to break-even after TP1 is hit
⚠️ Risk Considerations
Fakeouts: Use volume confirmation to avoid false breaks
Market Sentiment Risk: Ripple news, BTC movement, or SEC-related headlines
Mitigation: Stick to your plan, size your position properly (1-2% risk)
🧠 Final Thoughts
Clean short setup from triangle breakdown
Solid risk management = potential 1:3+ reward
Be patient — confirmation is everything
Let the trade come to you
No breakdown = no trade
🔻 #XRP #CryptoShort #BearishSetup #SymmetricalTriangle #XRPUSD #ProfittoPath #SmartTrading #RiskReward #ChartAnalysis
Setup Type: Bearish Breakdown – Symmetrical Triangle
Trade Plan: Short Position
🎯 Entry & Exit Plan
Entry Zone: Around $142.80B (Break below triangle support)
Stop-Loss (SL): Near $144.05B (Above upper triangle resistance)
Take-Profit Targets:
TP1: $140.96B (Support / previous reaction zone)
TP2: $138.72B (Major support)
📊 Risk-Reward Breakdown
Risk: ~$1.25B
Reward to TP1: ~$1.84B → R:R ~1:1.5
Reward to TP2: ~$4.08B → R:R ~1:3.2
✅ Strong asymmetric reward potential
🔍 Technical Breakdown
Bearish Breakdown: Price breaking below triangle support with increased volume
Trendline Support: Broken – signaling potential momentum shift
Resistance Above: $144.05B – strong rejection area
Support Zones:
TP1: $140.96B
TP2: $138.72B
⚙️ Execution Strategy
Confirmation Required: Enter only after candle closes below trendline with decent volume
Partial Profit Booking:
50% at TP1
Let the rest run to TP2
SL Adjustment: Move SL to break-even after TP1 is hit
⚠️ Risk Considerations
Fakeouts: Use volume confirmation to avoid false breaks
Market Sentiment Risk: Ripple news, BTC movement, or SEC-related headlines
Mitigation: Stick to your plan, size your position properly (1-2% risk)
🧠 Final Thoughts
Clean short setup from triangle breakdown
Solid risk management = potential 1:3+ reward
Be patient — confirmation is everything
Let the trade come to you
No breakdown = no trade
🔻 #XRP #CryptoShort #BearishSetup #SymmetricalTriangle #XRPUSD #ProfittoPath #SmartTrading #RiskReward #ChartAnalysis
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.