XRP Market Cap – 30-Min Short Trade Setup!
📉 🚀
🔹 Asset: XRP Market Cap
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below 127.25B (Breakdown Confirmation)
✅ Stop-Loss (SL): Above 133.36B (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 119.12B (First Support Level)
📌 TP2: 109.63B (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 133.36B - 127.25B = 6.11B per position
📈 Reward to TP1: 127.25B - 119.12B = 8.13B (1:1.33 R/R)
📈 Reward to TP2: 127.25B - 109.63B = 17.62B (1:2.88 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.88 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Rejection at Descending Trendline – Price tested resistance and rejected downward.
📌 Weak Buying Pressure – Failing to sustain above 127.25B, signaling seller dominance.
📌 Volume Confirmation Needed – A strong sell volume spike below 127.25B confirms bearish momentum.
📌 Momentum Shift Expected – Breakdown could lead to 119.12B, then extend to 109.63B.
📊 Key Resistance & Support Levels
🔴 133.36B – Stop-Loss / Resistance Level
🟡 127.25B – Breakdown Level / Short Entry
⚪ 119.12B – First Target / TP1
🟢 109.63B – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven (127.25B) after hitting TP1 (119.12B).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 119.12B, let the rest run to 109.63B.
✔ Adjust SL to breakeven (127.25B) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above 127.25B, exit early to limit losses.
❌ Wait for a strong bearish candle close below 127.25B before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.88 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 #ProfittoPath 🏆 | #TechnicalAnalysis 📉 | #SmartTrading 💰 | #ShortTrade 📊 | #RiskManagement ⚠️
🔹 Asset: XRP Market Cap
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown Trade
📌 Trade Plan (Short Position)
✅ Entry Zone: Below 127.25B (Breakdown Confirmation)
✅ Stop-Loss (SL): Above 133.36B (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: 119.12B (First Support Level)
📌 TP2: 109.63B (Extended Bearish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): 133.36B - 127.25B = 6.11B per position
📈 Reward to TP1: 127.25B - 119.12B = 8.13B (1:1.33 R/R)
📈 Reward to TP2: 127.25B - 109.63B = 17.62B (1:2.88 R/R)
💡 Favorable Risk-Reward Setup – Targeting a 1:2.88 R/R at TP2.
🔍 Technical Analysis & Strategy
📌 Bearish Rejection at Descending Trendline – Price tested resistance and rejected downward.
📌 Weak Buying Pressure – Failing to sustain above 127.25B, signaling seller dominance.
📌 Volume Confirmation Needed – A strong sell volume spike below 127.25B confirms bearish momentum.
📌 Momentum Shift Expected – Breakdown could lead to 119.12B, then extend to 109.63B.
📊 Key Resistance & Support Levels
🔴 133.36B – Stop-Loss / Resistance Level
🟡 127.25B – Breakdown Level / Short Entry
⚪ 119.12B – First Target / TP1
🟢 109.63B – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation – Ensure strong selling pressure before entry.
📉 Trailing Stop Strategy – Move SL to breakeven (127.25B) after hitting TP1 (119.12B).
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at 119.12B, let the rest run to 109.63B.
✔ Adjust SL to breakeven (127.25B) after TP1 is hit.
⚠️ Fake Breakdown Risk
❌ If price moves back above 127.25B, exit early to limit losses.
❌ Wait for a strong bearish candle close below 127.25B before entering aggressively.
🚀 Final Thoughts
✔ Bearish Setup Confirmed – Breakdown signals further downside potential.
✔ Momentum Shift Expected – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:2.88 R/R at TP2 makes this a high-quality trade.
💡 Stick to the plan, manage risk, and trade smart! 📉🔥
🔗 #ProfittoPath 🏆 | #TechnicalAnalysis 📉 | #SmartTrading 💰 | #ShortTrade 📊 | #RiskManagement ⚠️
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.