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Everyone’s chasing SLX longs—but the 4h data just flipped a SHORT signal most are ignoring.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.17277 – 0.17537
SL: 0.18658
TP1: 0.16469
TP2: 0.15843
TP3: 0.14905
Why this setup?
RSI on 15m is neutral at 48.25, so no panic yet—but the 4h MTF shows a 55% confidence SHORT bias, with entry at 0.17407 and TP1 at 0.16469 (a 5.4% drop). The 1D trend is range-bound, not bullish, so this isn’t a breakout—it’s a mean reversion play. The 1h ATR of 0.0052 means tight stops; a move below 0.17277 confirms weakness.
Debate:
If SLX rejects 0.17537 again, do you short now or wait for a retest of the entry range?