In SLX’s short setup, is this move a false breakout or a genuine reversal?



$SLX /USDT - SHORT

Trade plan:
Entry: 0.16065 – 0.16227
SL: 0.16923
TP1: 0.15563
TP2: 0.15175
TP3: 0.14592

Why pay attention to this structure?
- On the 4H timeframe, the direction is clearly bearish, with 55% confidence; EMA suppression is obvious.
- On the 1H, RSI (15M) is around 53, not overbought, and there’s still room to the downside.
- Current price is 0.16146, close to the entry zone—wait patiently for a confirmation signal.
- Why now?: Within the daily ranging structure, bearish signals have appeared, making the risk-reward ratio attractive.

Discussion:
Do you think SLX will first hit TP1 at 0.15563, or will it rally and squeeze the shorts directly?
SLX-5.62%
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