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SLX shorts are laying in ambush—who is secretly adding to their position?
$SLX /USDT - Short SHORT
Trading plan:
Entry: 0.16587 – 0.16783
SL: 0.17627
TP1: 0.15979
TP2: 0.15508
TP3: 0.14802
Why watch this structure?
- 4H short signal has been activated; RSI on the 15-minute chart is only 41.91, and momentum is weak.
- Current price is 0.16685, pressing right against the EMA resistance zone; rebounds lack strength.
- Why now? 1D is in a consolidation range. Short stop-loss is 0.17627, with a 3:1 reward-to-risk ratio—an upside trap may be forming.
Discussion:
Is this SLX move a direct plunge to TP1, or will it first pump higher before the harvest?