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Everyone is bullish on $SLX /USDT—here’s why I’m not buying it.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.17546 – 0.17766
SL: 0.18708
TP1: 0.16867
TP2: 0.16340
TP3: 0.15551
Why this setup?
4H bias is SHORT with 55% confidence, and the daily trend is stuck in range. RSI on 15M sits at 59, still room to drop before oversold. Entry zone at 0.17656 with TP1 at 0.16867 means a clean 4.5% move if momentum flips.
Debate:
Are you fading the hype or riding it to TP2?