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The quiet before the dump: SLX is flashing a 34 RSI on the 15m—most bulls ignore this until it’s too late.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.19202 – 0.19508
SL: 0.20826
TP1: 0.18252
TP2: 0.17516
TP3: 0.16413
Why this setup?
Why now? The 4h SHORT bias (55% confidence) is armed, with entry at 0.19355. The 1D trend is range-bound, but the 15m RSI at 34.19 signals oversold momentum that often precedes a breakdown, not a reversal. ATR at 0.006129 on 1h confirms volatility is low—perfect for a squeeze lower toward TP1 at 0.18252 or TP2 at 0.17516.
Debate:
Are you fading the RSI or riding the breakdown to TP2?