$RPL/USDT Short Trade Setup ๐ฅ
Current Price: $6.50
Entry Zone: $6.55 โ $6.70
Resistance Levels: $6.75 โ $7.00
Target Levels:
๐ TP1: $6.30
๐ TP2: $6.10
๐ TP3: $5.90
Stop Loss: $7.10 (placed above key resistance)
Market Analysis & Trade Setup:
RPL is currently trading near a strong resistance zone between $6.70 โ $7.00, where it has struggled to break through. This level has acted as a supply zone, causing price rejections multiple times. The market is showing signs of selling pressure, and unless buyers push strongly above resistance, a downward move is likely.
If the price fails to close above $6.75 โ $7.00, it increases the probability of a bearish reversal. Sellers can take advantage of this setup by entering short positions within the $6.55 โ $6.70 range for a potential drop towards lower targets.
Risk Management & Strategy:
Stop-loss at $7.10, ensuring protection against unexpected bullish breakouts.
Keep risk between 2-3% per trade to maintain account stability.
Monitor price action near $6.70โa weak breakout attempt with low volume strengthens the short bias.
Pro Tip:
Look for a rejection candle or bearish divergence on lower timeframes before entering. If the price struggles to break resistance with weak buying momentum, it increases the likelihood of a drop. Stick to your plan and avoid emotional trading. ๐
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