📉 $XLM Facing Further Downside – Shorting Opportunity!

Stellar ($XLM) is looking weak, folks. Daily and 4-hour charts are painting a bearish picture, with the price firmly below all major moving averages. Momentum is fading, as confirmed by a low RSI on the daily timeframe. 🐻

Right now, we’re seeing a retest of resistance on the 1-hour chart, but don’t get fooled by a potential fake breakout. The key trigger for a high-probability short entry is a drop in the 15-minute RSI below 50 – that’ll signal the short-term bounce is losing steam.

Here’s the actionable setup:

Entry: Market at 0.212712 – 0.213504

TP1: 0.210732

TP2: 0.20994

TP3: 0.208356

SL: 0.215484

Get ready to capitalize on the established downtrend. This is a prime opportunity to go short!

#XLM #Stellar #CryptoTrading #ShortOpportunity 🚀

XLM
XLMUSDT
0.24593
+5.68%