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Most traders are still bullish on XLM—that’s exactly why I’m watching the short side.
$XLM /USDT - SHORT
Trade Plan:
Entry: 0.19367 – 0.19661
SL: 0.20924
TP1: 0.18457
TP2: 0.17752
TP3: 0.16694
Why this setup?
4H timeframe shows a range-bound trend with a short bias at 55% confidence. RSI on 15m is already at 42, suggesting downside momentum is building. Entry zone at 0.19514 with tight ATR (0.005874) means a clean breakout to TP1 at 0.18457 is likely before any fakeout.
Debate:
If XLM drops to 0.18457 first, are you adding to your short or waiting for a retest?