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Everyone’s ignoring the 4H death spiral on SLX — here’s why shorts are armed.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.52265 – 0.53907
SL: 0.60970
TP1: 0.47173
TP2: 0.43231
TP3: 0.37318
Why this setup?
- 4H bias is SHORT with 55% confidence, but 1D trend is range — this isn’t a breakout, it’s a trap zone.
- RSI on 15M sits at 41.94, still below 50, signaling no bullish reversal yet.
- Entry ref at 0.53086, with TP1 at 0.47173 (11% drop) and TP2 at 0.43231 — the “why now” is the ATR volatility cushion at 0.0328.
Debate:
Are you loading shorts at 0.53086 or waiting for a retest of 0.53907 before pulling the trigger?