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SLX this leg of shorts—are you brave enough to follow it?
$SLX /USDT - short SHORT
Trading plan:
Entry: 0.16841 – 0.17149
SL: 0.18470
TP1: 0.15889
TP2: 0.15152
TP3: 0.14046
Why watch this structure?
1D is range-bound, and the 4H bearish signals are already armed. RSI (15m) is only 35.47, and near-term momentum is weak.
Current entry: around 0.16995, with TP1 at 0.15889; the risk-reward ratio is about 2:1.
Why now? End of the range + bearish confirmation, with a high breakout probability.
Discussion:
Will this drop hit TP2 first, or is it a bull trap?