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XLM just rejected a key level—here’s why shorts might win before you blink.
$XLM /USDT - SHORT
Trade Plan:
Entry: 0.21537 – 0.21837
SL: 0.23124
TP1: 0.20609
TP2: 0.19890
TP3: 0.18812
Why this setup?
RSI on the 15m is at 64.71, nearing overbought in a range-bound 1D trend. The 4h setup targets a drop to 0.20609 (TP1) first, with ATR volatility at 0.005989—tight enough to trigger fast moves. Entry at 0.21687 with SL at 0.23124 limits downside risk while the bias is short.
Debate:
Are you betting on the range breaking down or another fakeout to the upside before TP1?