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Most traders missed the $SLX /USDT trap—here’s why shorts are still the play.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.178 – 0.180
SL: 0.188
TP1: 0.172
TP2: 0.168
TP3: 0.161
Why this setup?
Range-bound on 1D with a 4h SHORT bias at 55% confidence. RSI on 15m sits neutral at 50.55, signaling no exhaustion yet. Entry at 0.179 with tight ATR of 0.003761 on 1h means volatility is compressed—breakouts are imminent. Why now? Price hovering near resistance with TP1 at 0.172 and TP2 at 0.168. Waiting for confirmation, but the setup favors downside.
Debate:
Are you fading the range or waiting for a clear breakdown below 0.178?