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This bearish signal on SLX, dare you follow?
$SLX /USDT - SHORT
Trading Plan:
Entry: 0.16215 – 0.16503
SL: 0.17737
TP1: 0.15325
TP2: 0.14636
TP3: 0.13602
Why focus on this structure?
- Current 1H EMA points to SHORT, 4H RSI at only 42.18, momentum is weak.
- 1D trend is a range, but shorts dominate in the short term. Entry near 0.16359, TP1 at 0.15325.
- Why now? RSI is not oversold, downside room remains, stop loss at 0.17737 is clear and controllable.
Discussion:
Will this SHORT hit TP2 first or bounce in between? Let's see in the comments.