$XLM
0,18691 Oversold RSI 23,7! Down at 0,18411, Bounce or Break Down to 0,18?
XLM update on 2 timeframes - Downtrend but already at the lower band!
4H - Hugging the lower band, RSI Oversold
Price at 0,18691 is just above the lower band at 0,18411 = this is the last 4H support. The 24h low at 0,18480 has already been tested twice, forming a small double bottom.
BOLL: MB 0,19517 is the first resistance, UP 0,20623 is far above. Below MB = 4H is still weak, but selling at the lower band is too late.
MACD -0,00056, slightly red + DIF -0,00289 below DEA -0,00233 = bearish momentum is very weak now; sellers are running out of steam.
RSI(6) 23,71 = *SEVERELY OVERSOLD <30>*. Statistically, on the 4H timeframe, this area often bounces at least 3-5% first.
The early October peak at 0,23187 is major resistance.
1H - Down 22% from 0,23711 to 0,18480
Price at 0,18702 below MB 0,20944 = the 1H downtrend is still strong. The last top was 0,23711 on Oct 7-8; price has now corrected deeply.
DN 0,18238 = if 0,18480 breaks, the next target is 0,18238.
MACD -0,00397, red + DIF -0,00247 below DEA 0,00150 = downward momentum is still present on the 1H; don't take a big long position.
RSI 29,02 is nearly oversold too, in sync with the 4H.
24h volume 225,43M $XLM / 42,76M USDT = high volume at the bottom; accumulation is underway.
SETUP FOR $XLM TODAY:
BUY THE SCALP REBOUND (Main Setup):
Entry: 0,18480 - 0,18691 (4H lower band + current price)
TP1: 0,19337 (24h high) +3,5%
TP2: 0,19517 (4H MB) +4,5%
TP3: 0,20432 if there's a strong breakout
SL: 0,18238 (1H lower band) -2,4% MUST BE TIGHT!
SELL ON RALLY (Don't Sell at the Bottom):
Entry: 0,19517 - 0,20623 (4H MB + 4H upper band)
TP: 0,18691 / 0,18480
SL: 0,20944 (1H MB)
STRATEGY: XLM RSI at 23,7 is already very low. Pro traders don't short at the lower band at 0,18411. Wait for a reaction at the lower band; if there's a green 15m / 1H candle + rising volume = scale into a small long position. If 0,18238 breaks, skip it; price could fall to 0,17.
This is a bounce trade, not a trend trade. Keep your position size small!
Do you think XLM will bounce to 0,195 first or break down straight to 0,182?
#XLM #Stellar
0,18691 Oversold RSI 23,7! Down at 0,18411, Bounce or Break Down to 0,18?
XLM update on 2 timeframes - Downtrend but already at the lower band!
4H - Hugging the lower band, RSI Oversold
Price at 0,18691 is just above the lower band at 0,18411 = this is the last 4H support. The 24h low at 0,18480 has already been tested twice, forming a small double bottom.
BOLL: MB 0,19517 is the first resistance, UP 0,20623 is far above. Below MB = 4H is still weak, but selling at the lower band is too late.
MACD -0,00056, slightly red + DIF -0,00289 below DEA -0,00233 = bearish momentum is very weak now; sellers are running out of steam.
RSI(6) 23,71 = *SEVERELY OVERSOLD <30>*. Statistically, on the 4H timeframe, this area often bounces at least 3-5% first.
The early October peak at 0,23187 is major resistance.
1H - Down 22% from 0,23711 to 0,18480
Price at 0,18702 below MB 0,20944 = the 1H downtrend is still strong. The last top was 0,23711 on Oct 7-8; price has now corrected deeply.
DN 0,18238 = if 0,18480 breaks, the next target is 0,18238.
MACD -0,00397, red + DIF -0,00247 below DEA 0,00150 = downward momentum is still present on the 1H; don't take a big long position.
RSI 29,02 is nearly oversold too, in sync with the 4H.
24h volume 225,43M $XLM / 42,76M USDT = high volume at the bottom; accumulation is underway.
SETUP FOR $XLM TODAY:
BUY THE SCALP REBOUND (Main Setup):
Entry: 0,18480 - 0,18691 (4H lower band + current price)
TP1: 0,19337 (24h high) +3,5%
TP2: 0,19517 (4H MB) +4,5%
TP3: 0,20432 if there's a strong breakout
SL: 0,18238 (1H lower band) -2,4% MUST BE TIGHT!
SELL ON RALLY (Don't Sell at the Bottom):
Entry: 0,19517 - 0,20623 (4H MB + 4H upper band)
TP: 0,18691 / 0,18480
SL: 0,20944 (1H MB)
STRATEGY: XLM RSI at 23,7 is already very low. Pro traders don't short at the lower band at 0,18411. Wait for a reaction at the lower band; if there's a green 15m / 1H candle + rising volume = scale into a small long position. If 0,18238 breaks, skip it; price could fall to 0,17.
This is a bounce trade, not a trend trade. Keep your position size small!
Do you think XLM will bounce to 0,195 first or break down straight to 0,182?
#XLM #Stellar