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$SLX $SLXUSDT (1h) - Short
Bias: Short
Entry (Zone): 0.3960 - 0.4050
Targets:
TP1: 0.3720
TP2: 0.3520
TP3: 0.3300
Stop Loss: 0.4240
Why this Setup:
I’m looking to short into this stretched push after a strong impulsive run and a failure to hold above the recent highs. I want a rejection from the 0.40 area and a move back into the prior consolidation and support zones.