$XLM All time frames are down and aligned, with the price below all major moving averages. The one-hour chart is now retesting a key resistance level near 0.2139, providing a new short entry opportunity. Momentum is weak, with the one-hour relative strength index stuck below 50. The signal is rejection here, confirmed by the decline of the 15-minute relative strength index below 50. This is a high-probability continuation play.
Executable setup now (short)
Entry: market at 0.213459 – 0.214353
TP1: 0.211223
TP2: 0.210328
TP3: 0.208539
0.21659: Stop loss
XLM
0.2148
-0.27%