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XLM long/short battle, 95% win-rate short is ready
$XLM /USDT - SHORT sell
Trading plan:
Entry: 0.18134 – 0.18220
SL: 0.18594
TP1: 0.17865
TP2: 0.17656
TP3: 0.17344
Why focus on this setup?
- The 1D trend is clearly bearish, with a 95% confidence short signal on the 4H timeframe.
- Current price: 0.18177. RSI on 15M is only 37.63, momentum is weak.
- Entry reference: 0.18177–0.18220; TP1 targets 0.17865, TP2 looks at 0.17656.
- Stop-loss: 0.18594, with an excellent risk/reward ratio.
Discussion:
Will this move hit TP2 first and then rebound, or will it directly fake a long and squeeze the shorts?