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XLM bulls are holding firm around 0.193, but the 4-hour shorts signal has turned on.
$XLM /USDT - SHORT
Trading plan:
Entry: 0.19228 – 0.19324
SL: 0.19737
TP1: 0.18930
TP2: 0.18700
TP3: 0.18354
Why watch this setup?
- Current price 0.19276, hovering right at the short entry zone. The 15-minute RSI 57.9 has not entered overbought, and momentum is weak.
- The daily trend is ranging, while the 4-hour outlook is biased to SHORT. TP1 is at 0.18930, with a reward-to-risk ratio of about 1.8:1.
- Why now? Price is testing the 0.193 resistance; if it can’t hold above it, the shorts will dominate the next leg.
Discussion:
Will TP1 at 0.18930 hit first, or will this become a stop-hunt bounce up to 0.196?