XRP/BTC - Short the Bearish Restest!

We see a very interesting support zone on the daily here on XRP/BTC. This zone has been important already 4 times before in the last year. Now, XRP has seem some negative news lately and broke through this incredibly important support level.

Through an S/R Flip we can trade this symbol with a short set-up. The previous support might turn into a new resistance, which is a bearish scenario we can monetize with a short. I gave some suggestions for stop loss, entry, and take profit in the chart.

Remember that the closer you buy near the old support zone, the better your risk-reward will be.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!