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Everyone’s bullish on SLX — but the 4H data just screamed “fakeout.”
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.17681 – 0.17951
SL: 0.19115
TP1: 0.16842
TP2: 0.16192
TP3: 0.15218
Why this setup?
Why now? RSI on 15m at 55.5 is neutral but fading. The 1D trend is range, not breakout. With entry at 0.17816 and tight ATR (0.0054), the short setup targets TP1 0.16842 and TP2 0.16192. If price rejects at 0.17951 again, momentum dies fast.
Debate:
Are you shorting the range top or waiting for a break above 0.17951 to flip long?