How long can SLX longs hold up around 0.169?



$SLX /USDT - short SHORT

Trading plan:
Entry: 0.16800 – 0.17034
SL: 0.18039
TP1: 0.16076
TP2: 0.15515
TP3: 0.14673

Why focus on this structure?
- On the 4-hour timeframe, the bias is clearly bearish. The 1-hour EMA is capped at 0.16917, and the 15m RSI is only 54.13—rebounds lack strength.
- Within the daily ranging zone, if price breaks the 0.168 support, the downside should accelerate toward TP1 0.16076.
- Entering now offers a favorable risk-reward: stop loss at 0.18039, target TP2 at 0.15515.

Discussion:
Will this move first wick into TP2, or will it trap longs with a pump and rebound to 0.177?
SLX-11.02%
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