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Are you daring enough to follow this SLX short ambush?
$SLX /USDT - SHORT
Trading Plan:
Entry: 0.16458 – 0.16756
SL: 0.18041
TP1: 0.15531
TP2: 0.14814
TP3: 0.13739
Why pay attention to this structure?
Bearish signal is clear on the 4H timeframe. RSI (15m) at 50.76, neutral to weak. ATR (1h) at 0.005975, moderate volatility. Entry around 0.16607, TP1 at 0.15531, TP2 at 0.14814, stop at 0.18041. Why now? The daily range has not been broken; the short-term bears are gathering momentum, and the price is right at a key resistance level.
Discussion:
Will it hit TP2 first, or will there be a false breakout to trap bulls?