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SLX's bounce tonight could be the last opportunity to exit at the top.
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.16655 – 0.16999
SL: 0.18481
TP1: 0.15587
TP2: 0.14760
TP3: 0.13519
Why watch this structure?
• 4H direction is clearly SHORT, confidence 55%, not extremely high, but the daily is in a range — a window for short positioning.
• Current price 0.16827 is near entry reference, RSI 15min 56.24 not overbought, rebound lacks strength.
• Why now? 1H ATR is only 0.00689, volatility compression often precedes an explosion. TP1 at 0.15587 offers an attractive risk-reward ratio.
Discussion:
Will this SHORT hit TP1 first or get stopped out directly? Have you placed your order?