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$XRP (1h) - Bearish Rejection
Bias: Short
Entry (Zone): 1.12 - 1.14
Targets:
TP1: 1.10
TP2: 1.08
TP3: 1.05
Stop Loss: 1.18
Why this Setup:
I see XRP losing momentum after testing the 1.16 to 1.18 resistance area, and I want to fade the move if price fails to reclaim the recent highs. I’m looking for a pullback toward support with risk defined above the local swing high.