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Everyone is still buying SLX at 0.190—but the 15m RSI just flashed 27.26. That’s not a dip. That’s a trap.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.18863 – 0.19229
SL: 0.20803
TP1: 0.17728
TP2: 0.16850
TP3: 0.15532
Why this setup?
• 4h SHORT bias armed with 55% confidence.
• RSI on 15m is deeply oversold—usually a pullback magnet, but daily trend is still range-bound.
• Entry zone 0.1886–0.1923 with TP1 at 0.1772 means 6% downside before any bounce.
• Why now? Because the “oversold” narrative is luring late longs into a liquidity grab.
Debate:
Is this a dead cat bounce setup or the start of a cascade to 0.1685?