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Everyone’s bullish on SLX—but range-bound RSI just flashed a trap.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.17689 – 0.17897
SL: 0.18790
TP1: 0.17045
TP2: 0.16547
TP3: 0.15800
Why this setup?
Why now? RSI at 51.6 on 15m is neutral, not strong—range-bound 1D trend confirms indecision. With 4h bias SHORT at 55% confidence, entry at 0.17793 targets TP1 0.17045 (-4.2%) before momentum fades. ATR 0.004153 on 1h means low volatility—breakouts fail here.
Debate:
Is 0.17045 a free fall or just a fakeout before a pump to 0.18541?