SLX short ambush, 4-hour RSI reveals who is distributing?



$SLX /USDT - SHORT

Trade Plan:
Entry: 0.18347 – 0.18745
SL: 0.20460
TP1: 0.17110
TP2: 0.16153
TP3: 0.14718

Why focus on this structure?
- 15-minute RSI at 62.14, short-term overbought but not reversed yet, just the window for short entry.
- 1-day trend is ranging, 4-hour EMA flattening, a break above 0.18745 confirms downside pressure.
- Current price 0.18546 is near the short entry reference, TP1 at 0.17110, risk-reward ratio 2:1+.
- Why now? Before RSI retreats from highs, shorts have the optimal cost for positioning.

Discussion:
Will this short first hit TP1 or get squeezed by a fake breakout?
SLX-4.49%
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