$XRP
🚀 Trading Opportunity – XRP/USDT 🚀
📍 Ideal Entry Zone (Buying Zone - Risky):
1.5300 - 1.5450
Enter after confirming bullish momentum on H1
🎯 Profit Taking Targets:
Target 1 (TP1): 1.5680 (EMA21 resistance on H1 + approximate level) ✅
Target 2 (TP2): 1.5880 (EMA50 resistance on H1/4H resistance) ✅
Target 3 (TP3): 1.6110 (Strong resistance on 4H) ✅
⛔ Stop Loss:
1.5000 (Just below support bottom 1.5044)
📊 Technical analysis supports the trade (with caution):
· Overall Trend (D1): Strongly bearish – price is below all major moving averages.
· Current Wave (4H): Tired bearish wave – MACD indicates weakening selling momentum, RSI is exiting the oversold condition.
· Execution Signal (H1): Potential bounce within a bearish trend. RSI at 41.26 (neutral trending upwards), MACD shows a bullish convergence. Price attempts to stabilize above support area 1.5044.
· Chart Patterns: Consolidation near support.
🎯 Main Catalyst:
Technical bounce from support area 1.5044 on H1, supported by RSI exiting the oversold condition and beginning improvement in the MACD indicator.
⚠️ Very Important Alerts:
1. This is a counter-trend bounce trade in a bearish overall trend, so the risk is high.
2. Breaking the level 1.5000 (stop loss) → invalidates the bounce idea and opens the door for targeting deeper downside levels (like 1.4500).
3. Position size should be small and timing strict with the stop loss.
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📌 Trading is your responsibility – we provide analysis, and you make the decision.