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SLX is still oscillating at a high level. Is this short ambush worth following?
$SLX /USDT - Short SHORT
Trading Plan:
Entry: 0.18710 – 0.19106
SL: 0.20805
TP1: 0.17485
TP2: 0.16536
TP3: 0.15114
Why focus on this structure?
- The 4-hour direction is clearly SHORT, confidence 55.4, trend 1D is in a consolidation range.
- Current price 0.18908 is near EMA resistance, RSI 15m only 49.09, no strong rebound signal.
- If it breaks below 0.18710, the target is directly TP1 0.17485, with an attractive risk-reward ratio.
- Why now? End of consolidation + low RSI, short entry window is open.
Discussion:
Will it first hit TP2 0.16536, or pump and stop out to SL 0.20805?