Hello #c150

$XRP Dual Scenario Setup

#XRP is currently showing indecision near the $1.630 level and offering two distinct potential paths. Below are the structured plans for both a long bounce and a short reversal

Scenario 1: Long Trade Setup (Bounce from Support)

This plan anticipates $XRP finding support and moving upward from its current level.

Thesis: Play a potential bounce from the $1.63 support zone.

Entry Zone: $1.63 (on a confirmed bullish candle)

Stop Loss: $1.61 (below the key support level)
TP1: $1.66
TP2: $1.68
TP3: $1.70

Scenario 2: Short Trade Setup (Rejection from Resistance)

This plan anticipates a failure to break higher and a move downward toward lower support

Thesis: Play a rejection from the $1.65 resistance zone.

Entry Zone: $1.65 (on a confirmed bearish reversal sign)

Stop Loss: $1.67 (above the entry resistance)
TP1: $1.630
TP2: $1.610
TP3: $1.590

Critical Monitoring Checklist (Must Applies to Both Scenarios)

Before entering any trade wait for confirmation and monitor these factors:

1. Volume: A price move must be backed by significant volume to be considered valid. Low-volume moves are prone to failure.

2. Price Action: Wait for a clear candle close beyond a key level (support for long, resistance for short) before entering.

3. RSI: Use the Relative Strength Index for context. An RSI above 70 suggests overbought conditions (caution for longs) while below 30 suggests oversold (caution for shorts)

4. Market Context: Always assess the trend of major assets like #btc as they heavily influence altcoin movements.

always conduct your own research (DYOR) and manage risk appropriately. Trade based on confirmed signals not anticipation.

#tradeAlert #TradingEducation
identifiy the chart and open long/short👇🏻
{future}(XRPUSDT)