Short sale deal for currency $XRP
XRP
1.3555
-1.96%
The analysis indicates that the overall trend on the daily frame is downward, which supports the chances of continued decline during the current period. On the 4-hour frame, a strong trading setup appeared for entering a sell position near the resistance area, with a high confidence level in the success of the scenario, especially with the weakness in buying momentum at the current levels.
Entry: from 1.373808 to 1.38235
Stop Loss: 1.403703
First Target: 1.352455
Second Target: 1.343913
Third Target: 1.32683
The trade is suitable for followers of the downward trend, and capital management is an important element to maintain profits and reduce risks.