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XLM this counter-trend long, dare you follow?
$XLM /USDT - LONG
Trading Plan:
Entry: 0.18345 – 0.18441
SL: 0.17793
TP1: 0.18843
TP2: 0.19143
TP3: 0.19593
Why focus on this structure?
- 4H LONG signal, 84% high confidence. Daily is bearish but oversold rebound potential is high.
- RSI (15m) is only 31.43, near oversold zone, short-term downward momentum exhausted.
- Entry reference 0.18393, TP1: 0.18843, TP2: 0.19143, SL: 0.17793, risk-reward ratio ~2.3.
- Why now? 15-min RSI bottomed + 1H support at 0.18393, a battle point between bulls and bears.
Discussion:
Will this wave hit TP2 first, or is it a bull trap? Share your views in the comments.