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XLM bulls signal score 84, but the daily chart is still falling—would you dare to follow?
$XLM /USDT - LONG
Trading plan:
Entry: 0.17794 – 0.17858
SL: 0.17428
TP1: 0.18125
TP2: 0.18324
TP3: 0.18622
Why focus on this structure?
- 4-hour LONG signal, confidence 84, entry reference 0.17826, TP1 at 0.18125, TP2 at 0.18324.
- 1-hour RSI is only 40.69, close to the oversold zone, so rebound potential is strong; but the daily trend is still bearish, so watch out for a bull trap.
- Current entry: stop loss 0.17428, risk-reward ratio about 2.3, suitable for short-term trading.
Discussion:
Will this move hit TP2 first, or is it a bull-trap setup? Where did you set your stop loss?