SLX Short Alert: Main positions on the 4-hour timeframe are already in place—are retail traders still chasing higher?

$SLX /USDT - SHORT to go short

Trading plan:
Entry: 0.1581 – 0.1597
SL: 0.1667
TP1: 0.1531
TP2: 0.1492
TP3: 0.1434

Why focus on this structure?
- Current SLX_USDT is around 0.1589; the 1-hour EMA support has already broken, RSI on the 15-minute chart is only 39.96, and bearish momentum is ongoing.
- ATR (1 hour) is 0.003238; volatility is contracting, which is exactly a pre-breakout sign. Direction is clearly SHORT, with TP1 at 0.1531 and TP2 at 0.1492.
- Why now? The daily chart is ranging and consolidating; the 4-hour bearish signal has just triggered. Entry zone is 0.1581–0.1597, stop loss is 0.1667, and the risk/reward ratio is above 2:1.

Discussion:
Will this bearish move first bounce to TP1, or will it directly smash through TP2? Have you placed orders?