$XRP đ» Entry (Short Initiation)
Entry 1: $2.03 â near immediate range resistance and daily support pivot, where price has struggled to hold upside.
Entry 2: $2.08 â above initial resistance cluster where sellers tend to step in.
đ DCA (Add More Shorts if Price Weakens)
DCA 1: $2.12 â higher resistance and seller pressure zone on short-term TF.
DCA 2: $2.15 â upper resistance edge before more major supply overhead (can add small size only).
đ Stop Loss (Invalidation Levels)
Stop Loss 1: $2.18 â clears immediate resistance and minor breakout risk.
Stop Loss 2: $2.23 â above broader supply and recent highs.
Stop Loss 3: $2.30 â invalidates bearish structure on higher-timeframe break.
đŻ Target (Take Profit)
Target 1: $1.90 â first major support zone and psychological level.
Target 2: $1.78 â secondary support if downside momentum strengthens.
Target 3: $1.60 â deeper support on broader breakdown, larger move.
đ Notes & Strategy Tips
Bearish bias aligns with resistance around $2.03â$2.10 â a structural battleground where buyers have repeatedly struggled.
If price breaks and holds above $2.18â$2.23, this short view is weakened â hence the tiered stop levels.
Always confirm with a rejection candle or volume failure near entries for better precision.
If you want, I can calculate approximate risk/reward ratios for this setup or outline chart time-frame contexts (e.g., H4 vs. Daily). Just tell me your preferred chart! đ
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