Some observations and thoughts on the recent trend of XRP. From a technical perspective, there is noticeable resistance in the 1.9600-1.9800 range. A possible short-selling approach could be considered as follows:
Entry strategy: Look for short opportunities near 1.9600-1.9800.
For target setting, the first stage targets the 1.9400 level, and partial profit-taking can be considered upon reaching it. The second stage looks further down to 1.9200. If this area can be effectively broken through, the profit potential will be relatively significant.
The most critical aspect is risk management—it's recommended to set a proper stop-loss. Market movements are fast; once a key support or resistance level is broken and reclaimed, stop-loss orders should be executed immediately. Don't hold onto the hope of avoiding losses. Short-term trading is most vulnerable to a single mistake wiping out previous gains.
It should be noted that this is only a technical reference based on current conditions. Actual trading should also consider your risk tolerance and position management plan. The market is constantly changing, and flexibility is key.
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TommyTeacher1
· 22h ago
Try shorting around 1.96, set the stop loss at 1.98. If it drops and you make a profit, take the profit and run. Don't be greedy, everyone.
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ForkLibertarian
· 22h ago
1.96 is really a strong resistance level. The bearish idea is good, but I'm worried it might just be a false breakout.
I'm skeptical about XRP dropping below 1.92 this time, considering it hasn't broken that level multiple times before.
Have you set your stop-loss, brother? This is real—one retracement could bring you back to square one.
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NeverPresent
· 22h ago
The short-selling idea is good, but I'm just worried that if I really follow this approach, I'll get cut again.
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HalfPositionRunner
· 22h ago
Uh, this trading approach is a bit aggressive. Do you really dare to short near 1.96?
Be sure to strictly execute stop-losses, or just wait for liquidation.
That 1.92 level feels a bit risky. Are you really going to break through?
It's hard to say how long this decline will last; the market is still testing.
I'll just watch for now and not act until clearer signals appear.
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LiquiditySurfer
· 22h ago
1.96 vicinity indeed faces significant pressure, but can this wave break... I have no confidence inside.
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Setting stop-loss is correct; I used to be lucky and lost because of it. Now, just seeing 1.94 makes me want to run.
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Shorting sounds simple, but in practice, the market always likes to go against you. XRP is especially fond of messing around.
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That barrier above 2000 has really been stuck for a long time. Feels like it’s about to break through or drop straight down.
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A reasonable position size is the key to lasting longer; the greedy ones have all been wiped out.
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The 1.92 level is hard to say; the technicals look good, but what about the fundamentals?
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Short-term trading is just gambling; who wins or loses depends entirely on luck.
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People who set stop-losses are smart; those around me who didn't are now crying.
Some observations and thoughts on the recent trend of XRP. From a technical perspective, there is noticeable resistance in the 1.9600-1.9800 range. A possible short-selling approach could be considered as follows:
Entry strategy: Look for short opportunities near 1.9600-1.9800.
For target setting, the first stage targets the 1.9400 level, and partial profit-taking can be considered upon reaching it. The second stage looks further down to 1.9200. If this area can be effectively broken through, the profit potential will be relatively significant.
The most critical aspect is risk management—it's recommended to set a proper stop-loss. Market movements are fast; once a key support or resistance level is broken and reclaimed, stop-loss orders should be executed immediately. Don't hold onto the hope of avoiding losses. Short-term trading is most vulnerable to a single mistake wiping out previous gains.
It should be noted that this is only a technical reference based on current conditions. Actual trading should also consider your risk tolerance and position management plan. The market is constantly changing, and flexibility is key.