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XLM long position brewing, daily chart bearish but 4H shows reversal signal?
$XLM /USDT - LONG
Trade Plan:
Entry: 0.1834 – 0.1844
SL: 0.1779
TP1: 0.1884
TP2: 0.1914
TP3: 0.1960
Why focus on this structure?
- Current price 0.1839, 1H EMA support clear, RSI on 15m only 32.83, oversold area brewing a rebound.
- 84% high confidence LONG signal, TP1 at 0.1884, TP2 at 0.1914, risk-reward ratio attractive.
- Daily chart bearish, but 4H level has shown a bottom structure. Why now? Because oversold + key support 0.1834 unbroken.
Discussion:
Will this wave hit TP2 first or is it a bull trap? Can XLM break above 0.1929?