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Everyone is bullish on SLX, but the 4h EMA just confirmed a short setup.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.17617 – 0.17953
SL: 0.19398
TP1: 0.16576
TP2: 0.15769
TP3: 0.14560
Why this setup?
RSI on 15m at 62 suggests a local top forming within the range. With SHORT bias at 55% confidence and TP1 at 0.16576 (-6.8% from entry), the risk/reward favors selling the 0.17785 resistance into the 1h ATR of 0.0067.
Debate:
Do you trust the range breakdown or is this a fakeout before a pump to 0.23044?