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$SLX Short 25x – Clean rejection setup on the board.
SLX is struggling around the 0.24980–0.25274 area, and I just took Short 25x Isolated.
Trade Plan:
- Entry: 0.24980 – 0.25274
- TP1: 0.24071 (R:R 1:0.8)
- TP2: 0.23367 (R:R 1:1.3)
- TP3: 0.22311 (R:R 1:2.0)
- SL: 0.26535
Why this setup?
- 4h short structure is still in play, while the daily backdrop remains range-bound and price holds around 0.24980–0.25274 near 0.25127.
- 15m RSI comes in at 36, showing neutral momentum that still leaves room for downside continuation.
- 15m volume is running at 0.97x, with 1.97M traded versus 2.04M expected, confirming real sell-side participation.
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