$XRP
🚀 Unique trading opportunity - XRP/USDT 🚀
📍 Ideal entry zone (resistance area for a pullback):
1.4630 - 1.4730
🎯 Profit targets:
Target 1: 1.4400 ✅
Target 2: 1.4200 ✅
Target 3: 1.4000 ✅
Target 4: 1.3800 ✅
⛔ Stop loss: 1.4850
📊 Technical analysis supports the trade:
• Overall trend (D1): Bearish with price (1.4396) below EMA50 (1.8298) and EMA200 (~2.197) 📉
• Current wave (4H): Upward correction within the bearish trend, price approaching EMA50 resistance (1.4970)
• Momentum on H1: Short-term bullish (RSI 54.09) but approaching overbought territory
• RSI(21) on D1: 36.38 (still in the selling area) but improved from oversold levels 📊
• MACD on 4H: Weak positive (0.0072) indicating a continuation of the temporary correction
🎯 Catalyst:
Completion of the corrective rebound wave and price reaching a strong resistance area (1.4636-1.4721) on 4H with overbought conditions on H1
⚠️ Important alert:
Breaking and closing above 1.4850 → may target 1.5000-1.5200 and delay the selling idea
✨ Summary:
👉 **Sell on the pullback** towards resistance 1.4630-1.4730 with confirmation of price rejection ✅
Target 1.4400 - 1.3800
Set up a sell on resistance in a bearish trend - ideal after the completion of the corrective rebound!
💡 The previous corrective rebound may have almost completed - prepare for the return of the main bearish trend!
📌 Trading is your responsibility - we provide the analysis, and you make the decision