SLX on the 4-hour timeframe is hiding a short signal—are you brave enough to follow it?



$SLX /USDT - SHORT

Trading plan:
Entry: 0.1598 – 0.1616
SL: 0.1695
TP1: 0.1541
TP2: 0.1497
TP3: 0.1430

Why focus on this setup?
- The 1D chart is moving sideways and consolidating; the 4H direction is clearly SHORT, with a confidence of 55.4%, not blindly shorting.
- RSI on the 15-minute timeframe is 43.71, close to the weakness zone, and the bearish momentum hasn’t fully faded.
- Current price is 0.1607; TP1=0.1541 and TP2=0.1497. The risk-reward is about 2:1, with a clear stop loss at 0.1695.
- Why now? Late stage of consolidation + the 4H signal has been activated; a breakout above the prior high of 0.1616 will flip it to LONG.

Discussion:
Will this move reach TP2 first, or is it a bear trap for a rebound? What do you think?
SLX-4.54%
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