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SLX/USDTMost traders just watched SLX dump—I’m watching a 77% confidence long setup form in the 4h range.
- LONG
Trade Plan:
Entry: 0.17359 – 0.17545
SL: 0.16296
TP1: 0.18319
TP2: 0.18897
TP3: 0.19764
Why this setup?
Why now? RSI on 15m is oversold at 41.96, while 1h ATR shows tight volatility at 0.0037. The trend is range-bound, but entry ref at 0.17452 with TP1 at 0.18319 gives a clean 5% risk-to-reward. Waiting status means the trap door hasn’t slammed yet.
Debate:
Is this a dead cat bounce or the start of a squeeze to 0.19764?