SLX at this level—are you brave enough to short?



$SLX /USDT - Go short SHORT

Trading plan:
Entry: 0.16715 – 0.17009
SL: 0.18278
TP1: 0.15800
TP2: 0.15092
TP3: 0.14030

Why watch this structure?
On the 4H timeframe, the bearish signal has already been triggered. The RSI on the 15-minute timeframe fell to 39.1, and momentum is weak. Current entry is 0.16862. TP1 is set at 0.15800, with a risk-reward ratio of about 1.8. The 1D trend is still ranging, but the hourly EMA is clearly suppressing (pressing down), and bears are in control.

Discussion:
Will this move reach TP2 first, or is it a bull trap for a rebound?
SLX0.19%
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