Did this XLM surge—are we looking at a bull trap, or a real breakout?



$XLM /USDT - Go short SHORT

Trading plan:
Entry: 0.1902 – 0.1910
SL: 0.1942
TP1: 0.1879
TP2: 0.1861
TP3: 0.1834

Why focus on this setup?
- On the 4-hour timeframe, the direction is clearly bearish, but the 15-minute RSI is 59.7, so there’s room for a short-term rebound.
- Current price 0.1906 is right near the EMA. Consider waiting for a rebound to around 0.1910 before entering a LONG, targeting TP1 0.1933.
- If it breaks below 0.1902, then switch to SHORT, with the first target at 0.1879.

Discussion:
Do you think XLM will first hit TP2 0.1861, or keep ranging and accumulating?
XLM-0.57%
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