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Are you brave enough to short SLX this move?
$SLX /USDT - SHORT
Trading plan:
Entry: 0.1773 – 0.1805
SL: 0.1944
TP1: 0.1672
TP2: 0.1595
TP3: 0.1478
Why focus on this setup?
- The 1D trend is range-bound, and the 4h direction is clearly SHORT. RSI on the 15m timeframe is 53.79, not overbought yet, with still room for downside.
- Enter at 0.1789, TP1 at 0.1672, TP2 at 0.1595, stop loss at 0.1944, with a risk-reward ratio of about 2.5:1.
- Why now? The EMA hasn’t crossed yet; the short-side momentum is building—waiting for a breakout of 0.1773 to confirm.
Discussion:
Will this move reach TP2 first, or is it a bull trap to lure longs?