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Everyone is bullish on SLX – but the 4H chart just screamed SHORT with 55% conviction.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.20435 – 0.20821
SL: 0.22484
TP1: 0.19236
TP2: 0.18307
TP3: 0.16915
Why this setup?
- RSI at 52 on 15m is neutral, not overbought – yet the short signal is active.
- 1H EMA ref at 0.20625 aligns perfectly with entry zone (0.20628).
- ATR shows tight volatility (0.0077) – a breakout below 0.20435 could trigger cascade to TP1 (0.19236).
- Why now? Range-bound 1D trend + short bias = squeeze potential against the crowd.
Debate:
Are you shorting SLX at 0.206 or waiting for a dip below 0.204 to confirm?