$XRP

XRP
XRPUSDT
1.377
-1.80%

🚀 Urgent Buy Signal - XRP/USDT 🚀

📍 Buy Signal (due to extreme selling saturation):

• Entry Area: 1.3400 - 1.3550

• Immediate Entry: when a bullish candle closes above 1.3500

🎯 Profit Targets:

Target 1 (TP1): 1.3900 (EMA9 resistance on H1) ✅

Target 2 (TP2): 1.4350 (EMA21 resistance on H1) ✅

Target 3 (TP3): 1.5000 (EMA50 resistance on H1) ✅

⛔ Strict Stop Loss:

1.3100 (just below support 1.3133)

📊 Reasons for Strong Buy Signal:

• Unprecedented selling saturation across all timeframes:

- H1: RSI at 18.49 (historical selling saturation)

- 4H: RSI at 18.33 (dangerous selling saturation)

- D1: RSI at 26.54 (strong selling saturation)

• Sharp decline (-13.50%) creates a strong rebound opportunity

• Concurrence of selling saturation on 3 timeframes increases the likelihood of reversal

⚠️ Important Warnings:

1. This is a counter-trend rebound trade in a strong downtrend

2. Risk is high - use small trade size

3. Strictly adhere to stop loss 1.3100

4. The trade is short-term targeting only the technical rebound

🎯 Execution Strategy:

1. Enter at 1.3400-1.3550

2. Stop loss at 1.3100

3. Take 50% of the trade at TP1 (1.3900)

4. Move stop loss to breakeven upon reaching TP1

5. Take the remainder at TP2 and TP3

📌 Alert: This is a technical rebound signal and not a change in the overall trend

#Binance