SLX bear trap or real breakdown?



$SLX /USDT - SHORT

Trading Plan:
Entry: 0.18314 – 0.18730
SL: 0.20514
TP1: 0.17028
TP2: 0.16032
TP3: 0.14538

Why focus on this structure?
On the 4-hour timeframe, the direction is clearly SHORT, but the 1D is still trading within a ranging zone. RSI on the 15m timeframe is 53.34, not oversold, suggesting there’s still room for the bears. The current price of 0.18522 is near EMA support; if it breaks below 0.18314, TP1 at 0.17028 is in play. Why now? End of consolidation + medium-low confidence, suitable for a light short attempt.

Discussion:
Will this move reach TP2 0.16032 first, or will it lure shorts with a fake breakdown and then rebound?
SLX1.74%
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