๐ XLM/USDT โ Short Setup: Rising Channel Reversal
โฐ 15-Min Chart โ Upper Channel Rejection
๐ Current Price: $0.4207
๐ป Sell Zone: $0.423 โ $0.430
(Rejected from the top of the rising channel with clear bearish candles forming)
๐ฏ Targets:
TP1: $0.410
TP2: $0.400
TP3: $0.388
๐ Stop Loss: $0.436
๐ Setup Insight:
XLM is trading within a rising channel and just bounced off the upper resistance with a bearish formation. Volume is starting to decline, and early signs of distribution are visibleโsetting up a clean short opportunity back to mid/lower channel support.
๐ Confirmation Tip: A strong candle close below $0.418 with growing volume would reinforce the sell signal.