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Most traders missed it—SLX is teetering on a 4h short signal that just armed.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.25795 – 0.26581
SL: 0.29956
TP1: 0.23362
TP2: 0.21477
TP3: 0.18651
Why this setup?
Why now? RSI on 15m sits at 43.48, still bearish. ATR on 1h shows low volatility at 0.0157, suggesting a squeeze is imminent. With trend 1D in range and entry at 0.26188, TP1 targets 0.23362—a 10.8% drop. The alt long setup is a trap unless 0.26581 breaks.
Debate:
Are you shorting SLX to TP1 or waiting for a retest of 0.26581 first?