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Is XLM the long side dancing on the edge of a cliff?
$XLM /USDT - Short SHORT
Trading plan:
Entry: 0.19285 – 0.19389
SL: 0.19980
TP1: 0.18854
TP2: 0.18533
TP3: 0.18050
Why watch this structure?
- The 15-minute RSI has surged to 70.49—short-term overheating, with pullback resistance extremely strong.
- The 4-hour direction is clearly bearish; the 1D trend is still ranging, so shorting from the high end offers better value.
- Entry reference: 0.19337; TP1: 0.18854. This is currently the best time for SHORT.
Discussion:
Will this leg reach TP2 first at 0.18533, or will it get yanked halfway and blow up?