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Everyone’s bullish on XLM, but the 4h chart just whispered something terrifying.
$XLM /USDT - SHORT
Trade Plan:
Entry: 0.23720 – 0.24008
SL: 0.25242
TP1: 0.22830
TP2: 0.22141
TP3: 0.21108
Why this setup?
RSI at 62 on the 15m is already overextended in a range-bound 1D trend. With a 55% short confidence and ATR showing tight volatility, XLM is ripe for a mean reversion. The entry zone at 0.23864 is a trap—why chase when TP1 sits 4% lower at 0.22830?
Debate:
Are you holding or shorting this range before the rug pull?