SLX shorts are setting a trap—will the 4H timeframe soon break down?



$SLX /USDT - short SHORT

Trading plan:
Entry: 0.1633 – 0.1661
SL: 0.1778
TP1: 0.1549
TP2: 0.1483
TP3: 0.1385

Why focus on this setup?
- Current signal direction: SHORT, confidence 55.4%, building pressure in the 4H cycle.
- RSI on the 15-minute timeframe is 47.07, slightly neutral but not oversold; downside room remains.
- Reference 1H EMA support at 0.1647; if it breaks below 0.1633, shorts accelerate to TP1 0.1549.
- Why now? Daily range consolidation—short momentum hasn’t been released yet, looking to catch a pullback and retest opportunity in the short term.

Discussion:
For this move, are we targeting TP1 0.1549 first, or is it going to be a stop-hunt rebound back above 0.1661?
SLX-3.46%
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