XRP/USDT presents a clean bearish continuation setup following a lower high and breakdown below intraday support.
📉 Trade Details
Entry: $2.5042 (Fibonacci pullback level)
Stop Loss: $2.5296 (above local resistance)
Take Profit: $2.4536 (previous demand zone)
Risk/Reward: ~1:2 — optimal for trend-following setups
📊 Technical Confluence
✅ EMA OK: Price is trading below fast EMAs
✅ HTF EMA OK: Higher timeframe confirms bearish trend
✅ RSI OK: RSI is aligned with downside momentum
✅ MACD OK: Bearish MACD crossover confirmed
📉 Trade Details
Entry: $2.5042 (Fibonacci pullback level)
Stop Loss: $2.5296 (above local resistance)
Take Profit: $2.4536 (previous demand zone)
Risk/Reward: ~1:2 — optimal for trend-following setups
📊 Technical Confluence
✅ EMA OK: Price is trading below fast EMAs
✅ HTF EMA OK: Higher timeframe confirms bearish trend
✅ RSI OK: RSI is aligned with downside momentum
✅ MACD OK: Bearish MACD crossover confirmed
Trade closed: target reached
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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.