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$XRP (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 1.37 - 1.40
Targets:
TP1: 1.35
TP2: 1.32
TP3: 1.28
Stop Loss: 1.42
Why this Setup:
I see price losing momentum after the rebound into the 1.38 to 1.40 supply area, and I want to short a failed retest if sellers keep defending this zone. I’m targeting the nearby lows first, then a deeper rotation if the breakdown extends.