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The main player has set a trap in SLX. Is the 4H EMA about to form a death cross?
$SLX /USDT - SHORT
Trading Plan:
Entry: 0.18814 – 0.19242
SL: 0.21079
TP1: 0.17490
TP2: 0.16464
TP3: 0.14926
Why focus on this structure?
• RSI 15M at 55.33, not overheated, but the 1D trend is sideways, clear SHORT signal
• 4H bearish direction confirmed, current price 0.19028 near resistance upper edge
• Why now? Wait for entry near 0.19242, TP1 set at 0.17490, risk-reward ratio 2.3:1
Discussion:
Will this move hit TP1 first, or directly wick to SL and then drop?