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XLM bulls’ last stubbornness? 4-hour timeframe shorts have already set up the play.
$XLM /USDT - SHORT
Trading plan:
Entry: 0.18671 – 0.18731
SL: 0.18991
TP1: 0.18483
TP2: 0.18338
TP3: 0.18121
Why watch this setup?
- 15-minute RSI is only 46.88; rebounds lack strength—shorts are building up momentum.
- The daily trend is clearly bearish; 4-hour EMA resistance is clear, and the down-channel hasn’t been broken.
- Current price is 0.18701; TP1 at 0.18483 offers only 1.2% upside, but the risk-reward ratio is attractive.
Discussion:
Will this short run first to TP2 at 0.18338, or will it be baited into an upside reversal? What do you think?