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Everyone is bullish on XLM—here’s why I’m SHORT at 0.229.
$XLM /USDT - SHORT
Trade Plan:
Entry: 0.22791 – 0.23093
SL: 0.24831
TP1: 0.21525
TP2: 0.20581
TP3: 0.19164
Why this setup?
4h RSI at 66.9 signals overextension in a range-bound market. Price is kissing resistance near 0.23093 with a 77% confidence short bias. ATR shows tight 0.6% moves—break below 0.22791 could trigger a fast drop to TP1 at 0.21525.
Debate:
Is $XLM /USDT faking a breakout or setting up a trap for late longs?