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Is the XLM rebound just a trap for longs? 4-hour bearish signal already activated.
$XLM /USDT - SHORT
Trade Plan:
Entry: 0.19917 – 0.20041
SL: 0.20576
TP1: 0.19532
TP2: 0.19233
TP3: 0.18786
Why pay attention to this structure?
- Current price 0.19979, close to SHORT entry 0.19979, RSI 15m at 49.09, neutral to weak.
- 1D trend is a ranging zone, 4-hour bearish structure formed, TP1 target 0.19532.
- Why now? ATR 1h only 0.002486, after volatility contraction, direction selection, bearish probability higher.
Discussion: