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Most traders are buying SLX right now—here’s why I’m betting against them.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.17832 – 0.18118
SL: 0.19352
TP1: 0.16942
TP2: 0.16254
TP3: 0.15221
Why this setup?
4h timeframe shows SHORT bias at 55% confidence. RSI 15m at 60.08 suggests local overextension within a 1D range. Entry zone 0.17832–0.18118 aligns with resistance rejection. TP1 at 0.16942 offers 5.7% downside before re-evaluation.
Debate:
Will the range hold or does SLX finally break structure here?