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XLM bulls' last stubbornness? 4-hour level shows a yellow card.
$XLM /USDT - Short SHORT
Trading Plan:
Entry: 0.19523 – 0.19635
SL: 0.20113
TP1: 0.19178
TP2: 0.18911
TP3: 0.18511
Why focus on this structure?
- Current price 0.19579, RSI on 15-minute is only 42.88, lacking momentum.
- 4-hour trend is oscillating, but the direction is clearly SHORT, TP1=0.19178, TP2=0.18911.
- Why now? 1-hour EMA is acting as resistance, a bounce is a shorting point, SL at 0.20113, risk-reward ratio is favorable.
Discussion:
Will this wave reach TP2 first, or will it lure longs and then squeeze shorts before dropping?