$XLM /USDT BEARISH OUTLOOK ๐
short trade signal ๐ฅ
future traders alert โ ๏ธ
Key Levels:
- Current Price: $0.3993
- Resistance Levels: $0.4196, $0.4375, $0.4500
- Support Levels: $0.3500
Trade Setup:
Short Entry:
- Entry Point: $0.3993
- Take Profit (TP): $0.3500
- Stop Loss (SL): $0.4196
Risk Management:
- Risk/Reward Ratio: 2:1
- Position Size: Adjust to risk no more than 2% of your trading capital.
Summary:
We are looking to short $XLM/USDT due to the recent breakdown below the support level at $0.4196. The price is currently trading at $0.3993, indicating bearish momentum. The next significant support level is at $0.3500, providing a good target for the short trade. The stop loss is set just above the broken support to minimize risk. ๐๐ธ
Happy Trading! ๐๐ธ
Hope this captures what you had in mind! If you need any further adjustments or have more requests, feel free to ask ๐