$XRP
đ„ XRPUSDT - SHORT Setup (Exhaustion Rally) đ„
XRP just pumped +29% but the move looks weak and exhausted.
· đ Volume is pathetic vs average (55M vs 378M MA5)
· đš STOCHRSI at 90.75 â severely overbought
· âïž 68.25% longs â ripe for a squeeze
· đ MACD bearish on higher timeframe
Action: SHORT around 1.4850
Leverage: 20x (High Risk â Size Small!)
Targets (TP):
TP1: 1.4600 (-1.68% = +33.6% on equity)
TP2: 1.4500 (-2.36% = +47.2% on equity)
TP3: 1.4400 (-3.03% = +60.6% on equity)
Stop Loss (SL): 1.5000 (+1.01% = -20.2% on equity)
Risk/Reward: ~1:2.3
â ïž CRITICAL WITH 20x:
· Position size must be small â a 1% move = 20% PnL.
· Be prepared for volatility and potential stop hunts.
#xrp #Ripple #Crypto #TradingSetup #Short #Overbought $BNB
#Leverage