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Most traders will chase SLX here—I’m watching for the rug pull.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.20601 – 0.20875
SL: 0.22055
TP1: 0.19750
TP2: 0.19092
TP3: 0.18104
Why this setup?
4H bias is SHORT with 55% confidence. RSI on 15m is already 67.67—overbought in a range. Entry at 0.20738 with TP1 at 0.19750 means a 4.7% drop before the next leg. ATR is tight at 0.0055, so volatility is low but primed to expand.
Debate:
Is this range consolidation before a breakdown, or are we getting faked out?