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SLX consolidates near 0.187, are bears brewing a sharp drop?
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.18506 – 0.18932
SL: 0.20760
TP1: 0.17188
TP2: 0.16168
TP3: 0.14638
Why focus on this structure?
- 4H direction is clearly SHORT, 1D trend is oscillating, but RSI 15m is only 51.56, momentum is weak.
- Current price 0.18719 is exactly the entry reference level, 1H ATR 0.0085 shows moderate volatility, suitable for positioning.
- Why now? Wait for a breakout above 0.18932 or a breakdown below 0.18506 to confirm direction, TP1 at 0.17188, risk-reward ratio is attractive.
Discussion: