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SLX Short Setup — Why Not Strike While RSI Is Broken?
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.16842 – 0.17204
SL: 0.18761
TP1: 0.15719
TP2: 0.14850
TP3: 0.13546
Why this structure?
- 4H signal clear: direction SHORT, confidence 55, EMA resistance evident
- RSI (15 min) at 34.26, oversold but no reversal, bearish momentum remains
- Current price 0.17023, ~7% room to TP1 0.15719, SL 0.18761 manageable
- Why now? 1D trend consolidating, bears have breakout potential; missing may mean waiting for pullback
Discussion:
Will this hit TP1 first, or go straight to TP2 0.14850? Have you set your SL?