XRPUSD D1: STAGE2 DUMP 50%: SHORT IT exit 35c(SL/TP)(WARNING)

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XRPUSD D1: STAGE2 DUMP 50%: SHORT IT exit 35c(SL/TP)(WARNING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect CORRECTION
until 35 cents / end of February 2022.

🔸 Summary and potential trade setup
::: XRPUSD daily chart review
::: heavy resistance overhead and
::: complex corrective structure
::: also a sequence of LOWER HIGHS
::: measured move correction
::: final TP BEARS is 35 cents
::: limited upside from here
::: BULLS stay out until correction is over
::: BEARS can short from overhead resistance
::: upside capped by 75 cents
::: only valid trades on SELL SIDE NOW
::: until end of February 2022
::: shorting near range highs makes sense
::: 75 cents is heavy resistance / SHORT IT
::: TP BEARS is re-test of 35 cents
::: recommended strategy: SHORT 75 cents / RIPS
::: good luck traders!
::: SHORT HIGH and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: CORRECTION/35 cents
::: Sentiment outlook short-term: BOUNCE/MAX OUT 75C

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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.