XRPUSDT – Short Setup After Demand Breakdown
Leverage: 10x
The blue demand zone has been engulfed, and price has reacted to the level that caused the breakdown. Confirmation also came from a trendline break, increasing the probability of continuation to the downside. There is an estimated 60% chance that price returns to trigger our order.
**Entry:** 1.1464 $ (order)
**Targets:** 1.1017 – 1.0408 – 0.9665 – 0.8854 – 0.8218 – 0.7604 $
**Stop-loss:** 1.1992 $
Leverage: 10x
The blue demand zone has been engulfed, and price has reacted to the level that caused the breakdown. Confirmation also came from a trendline break, increasing the probability of continuation to the downside. There is an estimated 60% chance that price returns to trigger our order.
**Entry:** 1.1464 $ (order)
**Targets:** 1.1017 – 1.0408 – 0.9665 – 0.8854 – 0.8218 – 0.7604 $
**Stop-loss:** 1.1992 $
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.