#XRPUSDT is testing key resistance—expecting a correction!
2025-02-16
Category: None

📉 LONG  BYBIT:XRPUSDT.P   from $0.1015
🛡 Stop Loss: $0.1070

 ⏱ Timeframe: 1H 

 ✅ Overview: 
➡️  BYBIT:XRPUSDT.P  is showing a strong uptrend, breaking key resistance levels.
➡️ Volume indicates high buyer activity, but the current pullback may create shorting opportunities.
➡️ POC (Point of Control) is significantly lower (2.4307), suggesting a possible retracement before further upside movement.
➡️ The key resistance zone is in the 2.8720 - 2.9220 range, where a price pullback is expected.

 ⚡ Plan: 
➡️ Entering a short from 2.8320 upon confirmation of weakening buyers.
➡️ Stop Loss placed at 2.8025 – above the local high to prevent stop-hunting.
➡️ First take-profit target at 2.8720, with further downside potential towards 2.9220.

 🎯 TP Targets: 
💎 TP 1: 2.8720 – local resistance level.
💎 TP 2: 2.9220 – a stronger supply area.

📢  BYBIT:XRPUSDT.P  is showing strong buyer momentum, but the high resistance zone might cap further gains.
📢 Watch volume closely—if demand surges, a breakout could occur, invalidating the short setup.
📢 If the price holds above 2.8720, consider alternative trading strategies.

🚀  BYBIT:XRPUSDT.P  is testing key resistance—expecting a correction!