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Most traders are still buying SLX at 0.1785—but the range-bound 1D setup just flipped the script.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.17758 – 0.17946
SL: 0.18755
TP1: 0.17175
TP2: 0.16724
TP3: 0.16047
Why this setup?
• RSI on 15m sits at 47.32, right in no-man’s land, but the 4h MTF is screaming SHORT with 55% confidence.
• ATR on 1h is tight (0.003761), meaning a squeeze is likely—and the path of least resistance is down to TP2 at 0.16724.
• Why now? Entry ref at 0.17852 is already armed, and the 1D trend is stuck in range—breakdowns happen fast when nobody expects them.
Debate:
If SLX drops to 0.17175, are you adding to the short or covering early?