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XLM Short Signal 95%? This bounce is a trap.
$XLM /USDT - SHORT
Trading Plan:
Entry: 0.1807 – 0.1815
SL: 0.1849
TP1: 0.1782
TP2: 0.1763
TP3: 0.1735
Why watch this structure?
- Bearish dominance on the 4H, clear downtrend on the 1D, EMA resistance is evident.
- RSI 15m at only 46.92, insufficient rebound momentum, bears are building up.
- Current price 0.1811, right at the short entry zone, with TP1 at 0.1782, offering an attractive risk-reward ratio.
Discussion:
Do you think XLM will hit TP2 first, or fake a breakout to lure longs before dropping?