$XLM Short-term sell setup: resistance at 0.1777–0.1779 on the 4-hour timeframe 👀
Sellers need to defend this zone. I’m watching for a rejection here to target lower levels.
Why I’m watching this level:
- On the 4-hour timeframe, price is at 0.178, below the EMA50 at 0.189, which favors sellers
- The daily price is below the EMA200 at 0.186, and the broader trend supports this idea
- Risk is 0.73% to the stop-loss versus a 1.2% return to the third target—a good risk-to-reward ratio
🔴 Sell · Entry 0.1777–0.1779 · Targets 0.1770 / 0.1765 / 0.1757 · Stop-loss 0.1791
Will sellers hold at this level, or will it break through?
Sellers need to defend this zone. I’m watching for a rejection here to target lower levels.
Why I’m watching this level:
- On the 4-hour timeframe, price is at 0.178, below the EMA50 at 0.189, which favors sellers
- The daily price is below the EMA200 at 0.186, and the broader trend supports this idea
- Risk is 0.73% to the stop-loss versus a 1.2% return to the third target—a good risk-to-reward ratio
🔴 Sell · Entry 0.1777–0.1779 · Targets 0.1770 / 0.1765 / 0.1757 · Stop-loss 0.1791
Will sellers hold at this level, or will it break through?