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SLX short alert: the 4-hour RSI has broken below 40—who’s secretly dumping?
$SLX /USDT - SHORT
Trading plan:
Entry: 0.15527 – 0.15709
SL: 0.16490
TP1: 0.14964
TP2: 0.14528
TP3: 0.13875
Why watch this setup?
• Current SLX price is 0.15618; the 1-hour EMA has been pressing down, with bearish momentum building.
• The 15-minute RSI is only 38.94; it’s not bouncing from the oversold zone, suggesting selling pressure hasn’t been fully released.
• The 4-hour trend is bearish; TP1 is 0.14964, with room of about 4% and a risk/reward of 1.5:1.
Discussion:
Do you think this wave of shorts will hit TP1 first, or will it wick a rebound near 0.15527?