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Everyone is bullish on XLM—here’s why I’m betting against XLM at 0.2047.
$XLM /USDT - SHORT
Trade Plan:
Entry: 0.2037 – 0.2056
SL: 0.2138
TP1: 0.1979
TP2: 0.1933
TP3: 0.1865
Why this setup?
RSI on 15m just hit 64.2, signaling overbought momentum in a range-bound 1D trend. With 4h bias SHORT and ATR at 0.0038, the downside setup targets TP1 at 0.1979 before TP2 at 0.1933. The entry zone between 0.2037 and 0.2056 is active now—waiting for rejection to confirm.
Debate:
Are you shorting XLM here, or do you think the range will fake us out?