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Most traders are buying SLX at 0.195—I’m watching the short side for a reversal.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.19430 – 0.19664
SL: 0.20673
TP1: 0.18703
TP2: 0.18140
TP3: 0.17296
Why this setup?
RSI on 15m sits at 46 (neutral-to-bearish), while the 4h structure is primed for a breakdown. With 1D in range and ATR tight at 0.00469, the real move comes when SLX loses 0.19430 support. Why now? The entry zone is armed, and TP1 at 0.18703 offers a 4% drop before resistance even blinks.
Debate:
Are we hitting TP2 at 0.18140 or is this a fakeout before the alt run?