At this XLM level of 0.188, who is the main force waiting for to make the first move?



$XLM /USDT - Short SHORT

Trading plan:
Entry: 0.18768 – 0.18864
SL: 0.19275
TP1: 0.18472
TP2: 0.18243
TP3: 0.17899

Why focus on this structure?
- 4-hour EMA bearish order; the 1D trend is clearly downward, with 95% confidence pointing to SHORT.
- RSI on 15m is only 55.7, not overbought; the rebound lacks strength—this is the time to add positions.
- Current price 0.18816 is tightly near resistance; if it breaks above 0.18866, the strategy fails—otherwise the bears hold the advantage.

Discussion:
Do you think at the 0.188 level it first dumps to TP1 and then pumps, or does it just insert a wick to lure longs?
XLM1.40%
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612Ceros
· 1h ago
It’s definitely a nice resistance zone to short, but I think liquidity is too thin—be careful of a fakeout up to 0.19 before it dumps.
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