sell
AI-Based Short Setup for XRPUSDT Reflects 75% Probable Downtrend
The setup is based on an AI-driven analysis for XRPUSDT, with a short scenario and a hybrid entry strategy. The entry point is set at the current price of 2.185, with a trade volume split as 40% market order and 60% limit order within the range of 2.22 to 2.235. The order block is identified as bearish continuation, and a fresh unfilled Fair Value Gap exists between 2.21 and 2.215.
The stop-loss is placed at 2.25 using the t-2 extremum method, positioned above the high from May 28th with an additional 0.5% buffer. Profit targets are as follows: initial at 2.10 near the nearest liquidity zone, second at 2.00 within the higher timeframe consolidation area, and third at 1.92, which corresponds to a wave extension based on a 1.618 downward impulse. The strategy involves moving to breakeven after TP1, taking 50% profit at TP2, and trailing the rest at TP3.
Risk per trade is set at 1% of capital, with a precise risk/reward ratio of 1:3.2 and a more conservative one of 1:2.7. The EMA trend confirms a bearish outlook, and divergences in RSI and MACD are present while OBV does not show divergence. The broader market context shows a bearish view on BTCUSDT, but some indices like BTC.D and USDT.D are bullish.
The overall probability of success is estimated at 75%, with invalidation criteria set as two candles with volume validating the OB setup.
Source available for registered users Sign Up Free
AI Analysis
This setup employs a comprehensive technical analysis with a focus on bearish continuation signals for XRPUSDT. The entry at 2.185, combined with a split order approach, aims to optimize execution in ...
AI Recommendation
Considering the analysis, it is advisable to proceed cautiously with the outlined short setup. Enter the trade at the specified levels, adhering strictly to the stop-loss and profit-taking plan to man...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.