XRP's recent trend has provided many opportunities for the bears. From a technical perspective, there is a clear short-term resistance zone, which is an ideal entry point for short positions.
**Trading Strategy**
The overall outlook is bearish, with the key being to seize downward arbitrage opportunities at resistance levels.
**Specific Operation**
For entry points, consider two price levels: between 2.1660 and 2.1960. There's no need to go all-in at once; it's recommended to build positions gradually to reduce the risk from single-price fluctuations.
Set two take-profit targets: first at 2.1360, and if broken, then at 2.0980. This phased approach helps lock in profits more effectively.
Risk control is crucial—place stop-loss above 2.2200 so that if there's a reverse breakout, there's a clear exit point. The risk per single trade should not exceed 2% of the principal, using a isolated margin mode. This setup helps keep drawdowns relatively manageable.
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TrustlessMaximalist
· 01-08 07:00
Another short-sell bait? Last time, someone said that about XRP, and it immediately reversed and hit the daily limit...
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StealthMoon
· 01-08 07:00
Another bearish call on XRP. Can it be pushed down this time? It feels like someone is calling for a short every day.
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rugdoc.eth
· 01-08 06:54
Bearish opportunity? This time it looks okay, but the resistance at 2.1960 must hold for it to count. Once it breaks up, you need to run quickly.
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MoonlightGamer
· 01-08 06:40
Another short position again. Can we break 2.1 this time? Those who were bearish last time got crushed back. But the idea of building positions in batches is indeed stable.
XRP's recent trend has provided many opportunities for the bears. From a technical perspective, there is a clear short-term resistance zone, which is an ideal entry point for short positions.
**Trading Strategy**
The overall outlook is bearish, with the key being to seize downward arbitrage opportunities at resistance levels.
**Specific Operation**
For entry points, consider two price levels: between 2.1660 and 2.1960. There's no need to go all-in at once; it's recommended to build positions gradually to reduce the risk from single-price fluctuations.
Set two take-profit targets: first at 2.1360, and if broken, then at 2.0980. This phased approach helps lock in profits more effectively.
Risk control is crucial—place stop-loss above 2.2200 so that if there's a reverse breakout, there's a clear exit point. The risk per single trade should not exceed 2% of the principal, using a isolated margin mode. This setup helps keep drawdowns relatively manageable.