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Most traders are buying SLX right now—here’s why I’m shorting it.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.20547 – 0.20937
SL: 0.22613
TP1: 0.19339
TP2: 0.18403
TP3: 0.17000
Why this setup?
- 4H timeframe signals SHORT with 55.4% confidence, even as 1D trend stays range-bound.
- RSI on 15M at 47.6—neutral, but momentum is fading, not building.
- ATR of 0.0078 on 1H means volatility is low, so the real move hasn’t started yet.
- Entry at 0.20742 with TP1 at 0.19339 offers a 6.8% drop before any squeeze risk.
Debate:
Are you waiting for a breakout confirmation, or do you trust the 4H short bias here?