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The SLX short signal has been triggered—which target should you watch for in this pullback?
$SLX /USDT - SHORT
Trading plan:
Entry: 0.16684 – 0.16980
SL: 0.18253
TP1: 0.15767
TP2: 0.15056
TP3: 0.13991
Why focus on this setup?
- Bearish confirmation on the 4-hour timeframe; entry range 0.16832-0.16980, stop loss 0.18253.
- RSI on the 15-minute chart is only 38.65; short-term momentum is weak, and any rebound may be a bull trap.
- First target 0.15767, second target 0.15056; the risk-reward ratio is reasonable.
- A daily range-bound pattern—bearish continuation is favored, but with 55% confidence you should be cautious.
Discussion:
Will this move reach TP2 first, or will it reverse midway? Do you think SLX will drop below 0.15056?