XLM/USDT — overheating at resistance. Time for a correction? ⚠️
$XLM has delivered a powerful impulse surge of +16.6% and is now close to the key resistance zone of 0.1738–0.1756. On the 4H chart, a classic overheating pattern is starting to form: the momentum is slowing down, and buyers are gradually losing strength.
Brief on indicators:
RSI(6) is already above 90
RSI(14) is holding in the 81 zone
StochRSI is in extreme overbought territory
The first signs of momentum weakening are appearing after the vertical rise.
At the current levels, the market looks overheated, and the likelihood of a local correction is noticeably increasing.
Trading plan:
📌 Main scenario — SHORT
Entries: • Aggressive: 0.1728–0.1735
• Conservative: 0.1745–0.1756 (on a retest of the high)
Stop: 0.1790
Targets:
🎯 Target 1: 0.1680 (+2.7%)
🎯 Target 2: 0.1635 (+5.4%)
🎯 Target 3: 0.1570 (+9.0%)
R:R on the position remains above 1:3, making the scenario very interesting in terms of risk/reward.
❗️If XLM secures above 0.1760 on volume — the short scenario is canceled, and the market may continue its upward momentum. For now, the priority remains on the correction.
Trading 👉$XLM
$XLM has delivered a powerful impulse surge of +16.6% and is now close to the key resistance zone of 0.1738–0.1756. On the 4H chart, a classic overheating pattern is starting to form: the momentum is slowing down, and buyers are gradually losing strength.
Brief on indicators:
RSI(6) is already above 90
RSI(14) is holding in the 81 zone
StochRSI is in extreme overbought territory
The first signs of momentum weakening are appearing after the vertical rise.
At the current levels, the market looks overheated, and the likelihood of a local correction is noticeably increasing.
Trading plan:
📌 Main scenario — SHORT
Entries: • Aggressive: 0.1728–0.1735
• Conservative: 0.1745–0.1756 (on a retest of the high)
Stop: 0.1790
Targets:
🎯 Target 1: 0.1680 (+2.7%)
🎯 Target 2: 0.1635 (+5.4%)
🎯 Target 3: 0.1570 (+9.0%)
R:R on the position remains above 1:3, making the scenario very interesting in terms of risk/reward.
❗️If XLM secures above 0.1760 on volume — the short scenario is canceled, and the market may continue its upward momentum. For now, the priority remains on the correction.
Trading 👉$XLM