📊 Current Market View
Price around 1.419
Strong rejection near 1.44 resistance
Large red candle with high volume → strong selling pressure
Price dropped below key moving averages → short-term bearish
🔻 Trade Setup: SHORT (Sell)
✅ Entry:
1.420 – 1.425 (on slight pullback)
🎯 Targets:
TP1: 1.405
TP2: 1.395
❌ Stop Loss:
1.435 (above resistance)
🤔 Reasoning:
Big bearish candle indicates aggressive selling
Volume spike confirms the move is strong
Price rejected from resistance (1.44 zone)
Market structure shifting bearish on lower timeframe
⚠️ Invalidation:
If price closes strongly above 1.435,
→ setup becomes invalid and market may reverse
💡 When to Consider BUY:
Only if price reaches 1.395–1.40 zone
Look for strong rejection (wicks / support holding)
XRP
1.4141
-1.15%