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Everyone is buying SLX — here's why I'm watching the exits instead.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.18663 – 0.19219
SL: 0.21612
TP1: 0.16938
TP2: 0.15602
TP3: 0.13599
Why this setup?
RSI on 15m is oversold at 29.7, but 1D trend is range, not bullish breakout.
4h SHORT signal armed at 0.18941 with TP1 at 0.16938 (-10.5%).
ATR of 0.0111 means volatility is low — perfect for a sharp reversal trap.
Why now? Contrarian: oversold doesn't mean bounce; it means the smart money sets the trap.
Debate:
Do you fade the oversold RSI or wait for a lower entry?