Most traders just bought XLM at the top of a range trap.



$XLM /USDT - SHORT

Trade Plan:
Entry: 0.23663 – 0.23959
SL: 0.25231
TP1: 0.22746
TP2: 0.22036
TP3: 0.20971

Why this setup?
4H timeframe shows a SHORT bias at 55% confidence. Price is stuck in a 1D range with RSI at 52.4 on the 15m—neutral but not bullish. Entry at 0.23811 is sitting right at the range ceiling. ATR of 0.0059 on 1H means volatility is low, but the short targets (TP1: 0.22746) offer a 4.5% move. The alt long setup is invalid unless price breaks 0.23959.

Debate:
Is 0.23811 the perfect short entry or just a fakeout before a squeeze to 0.24876?
XLM10.64%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned