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Everyone’s chasing SLX longs—here’s why I’m shorting into the range.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.19302 – 0.19550
SL: 0.20620
TP1: 0.18531
TP2: 0.17934
TP3: 0.17038
Why this setup?
Why now?
• 4h bias is SHORT with 55% confidence, and 1D trend is stuck in a range.
• RSI at 60.64 on 15m shows momentum fading near resistance.
• Entry ref at 0.19426—tight stop above 0.19740 invalidates the setup.
• First target TP1 at 0.18531 gives a 4.6% drop before any reversal.
Debate:
Is the range top at 0.19550 the perfect trap, or will SLX break higher and squeeze shorts?