Is the short side quietly setting up at this level, SLX?



$SLX /USDT - Going SHORT

Trading plan:
Entry: 0.16770 – 0.17020
SL: 0.18092
TP1: 0.15997
TP2: 0.15399
TP3: 0.14501

Why watch this structure?
- 4-hour short signals: RSI on 15m is 52.3, not oversold, with still room to the downside.
- Based on EMA: current price 0.16895 is near the 4h resistance. If it can’t break through, it may trigger a faster sell-off.
- Why now? ATR on 1h is only 0.004987, volatility is low. The short entry offers a high cost-performance ratio, with TP1 targeting 0.15997.

Discussion:
Near 0.16895, are you waiting for a bounce to short, or going short directly?
SLX2.68%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned