🔻 $XRP
/USDT: Hard Rejection at Resistance — Short Bias! 📉
$XRP just attempted to reclaim its recent rebound high and got hit with a heavy rejection. This wasn’t just market noise—it was a clear signal of sellers stepping in with high conviction. ❌
As long as bulls fail to reclaim this local resistance zone, the path of least resistance tilts firmly to the downside. We are witnessing "Controlled Distribution," not panic selling. 🧠
🔍 Market Structure Insights:
Structure: Repeated rejections at the same critical level.
Momentum: Bullish strength is fading fast; momentum is shifting.
Defense: Sellers are aggressively defending the resistance zone.
Outlook: Market is positioning for a corrective rotation. 🔄
⚡ The Trade Blueprint (Short Bias):
📍 Entry Zone: 2.0730 – 2.0790
🛑 Stop Loss: 2.0860
🎯 Profit Targets:
1️⃣ TP1: 2.0665
2️⃣ TP2: 2.0618
3️⃣ TP3: 2.0569
💡 Final Thought:
Strong trends hold their highs. Weak ones merely test them and fail. As long as XRP remains capped under this resistance, patience favors the downside.
No emotions. No chasing. Just clean execution. 💎
Will XRP hold the support or flush to TP3? Let me know your thoughts in the comments! 👇
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