SLX shorts are laying a trap: has the 4H RSI already broken below 50—so any rebound is a trap?



$SLX /USDT - SHORT

Trading plan:
Entry: 0.16761 – 0.17055
SL: 0.18318
TP1: 0.15851
TP2: 0.15146
TP3: 0.14088

Why focus on this setup?
- Current price: 0.16908. The 15-minute RSI is only 48.18, and momentum is weak; the 4H short signal is clear.
- 1-hour ATR is only 0.005874, volatility is narrowing. If it breaks the 0.16761 support, the odds of a faster sell-off are high.
- Why now? The 1D trend is choppy, but the 4H bearish structure is taking shape. A rebound to the 0.17055 area is an ideal entry point.

Discussion:
Will this SLX first reach TP1 at 0.15851, or will it pump higher and then dump again? What do you think?
SLX1.09%
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