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Most traders will panic-buy XLM at 0.197—here’s why the data says otherwise.
$XLM /USDT - SHORT
Trade Plan:
Entry: 0.19615 – 0.19795
SL: 0.20574
TP1: 0.19053
TP2: 0.18619
TP3: 0.17967
Why this setup?
RSI on the 15m is already oversold at 35.78, but the 4h frame still shows bearish momentum with no reversal candle. Entry zone at 0.19615–0.19795 aligns perfectly with the range-bound trend on 1D. Tight ATR of 0.00362 means the breakout is imminent—either to TP1 at 0.19053 or a trap to the upside.
Debate:
Is the 0.19615 support real or just a dead cat bounce before the short squeeze?