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Everyone’s chasing longs on SLX—here’s why I’m betting against the hype.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.58273 – 0.59901
SL: 0.66901
TP1: 0.53226
TP2: 0.49319
TP3: 0.43458
Why this setup?
• RSI on 15m is 39.85, already weak and dipping below neutral.
• 4h bias is SHORT at 55% confidence, with a tight entry zone at 0.59087.
• ATR shows volatility is compressed (0.03256 on 1h)—breakouts favor the SHORT side.
• TP1 at 0.53226 is a 10% drop; why wait for the dip?
Debate:
Are you buying the range or shorting the squeeze on SLX right now?