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XLM 4-hour Reversal Signal, Dare to Take It?
$XLM /USDT - LONG
Trade Plan:
Entry: 0.18058 – 0.18150
SL: 0.17527
TP1: 0.18537
TP2: 0.18826
TP3: 0.19258
Why This Setup?
- RSI 15-minute at 34.61, oversold zone, bounce momentum building.
- 4-hour EMA support at 0.18104, current price dip buy opportunity, TP1 at 0.18537, risk manageable.
- 1D trend is bearish, but 84% confidence LONG signal, high probability of short-term reversal.
Discussion:
Will it hit TP2 0.18826 first, or is it a bull trap?