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Is XLM 0.1912 a trap or the starting point?
$XLM /USDT - SHORT to go short
Trading plan:
Entry: 0.1908 – 0.1916
SL: 0.1947
TP1: 0.1886
TP2: 0.1868
TP3: 0.1841
Why focus on this structure?
- The 4H bearish signal has been triggered; the 15m RSI is in the neutral zone at 49.42, direction unclear.
- For this short-term move, TP1 is 0.1886, TP2 is 0.1868, with SL at 0.1947.
- Enter now; based on EMA and ATR volatility, the probability of a bearish move is slightly higher.
Discussion:
Will this drop reach TP2 first, or will it be a fakeout and rebound upward?