SLX short main players have already entered. Do you understand this pullback?



$SLX /USDT - SHORT

Trading plan:
Entry: 0.16635 – 0.16903
SL: 0.18058
TP1: 0.15802
TP2: 0.15157
TP3: 0.14190

Why focus on this structure?
- Clear direction on the 4-hour timeframe: SHORT, confidence 55.4%. Both EMA and RSI (15m=46.72) are weak, and bearish momentum is building.
- Current price 0.16769 is close to the entry zone. TP1 target 0.15802 (-5.7%), TP2 target 0.15157 (-9.6%), stop-loss 0.18058 (+7.7%), with a reasonable risk-reward ratio.
- Why now? The 1D trend is ranging, but the short-term RSI has not oversold yet, and bears still have room to move. ATR (1h=0.00537) is moderately volatile, suitable for short-term entries.

Discussion:
Will this go to TP1 first or directly break TP2? Is it a bearish trap or a real pullback?
SLX-0.23%
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