The chart shows $XRP /USDT on Binance Perpetual futures dropping sharply, now at 1.3780 after a -1.52% move in the last period. Price has broken below key levels with strong bearish momentum: recent candles are red, trading under the Bollinger Bands middle (1.6313) and even approaching the lower band area after rejecting higher zones. RSI(14) sits at ~32.93 (oversold territory but still declining), RSI(6) ~33.02 confirming short-term weakness. Stochastic shows K at 47.7, D at 41.1, with J higher at 60.9 ā hinting at possible minor relief bounce but overall downtrend intact from the highs around 2.4+.
Bears in control ā this looks like continuation lower after failing to hold supports. Potential short setup forming on any weak bounce or breakdown confirmation.
šØ SHORT $XRP /USDT NOW! Bearish Breakdown in Play ā Catch the Next Leg Down!
Price @ 1.3780 ā rejected hard from higher bands, volume supports sellers. Oversold RSI could spark tiny relief, but structure screams more downside ahead.
Trade Idea (Short):
Entry: around current ~1.3780 ā 1.3850 (or on weak 15m/1h bounce)
Take Profit 1: 1.3410 (recent low zone) ā +~2.7%
Take Profit 2: 1.30 ā 1.25 area if momentum accelerates
Stop Loss: 1.42 (above recent swing high / safety buffer) ā risk ~3%
High risk-reward if sellers stay aggressive. Perfect for scalps or swings in this volatile dump. Don't fight the trend ā ride it!
DYOR, trade smart, use leverage wisely ā ļø
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