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SLX 4H chart hides danger, the SHORT signal is already flashing red
$SLX /USDT - Sell SHORT
Trading plan:
Entry: 0.15960 – 0.16146
SL: 0.16948
TP1: 0.15382
TP2: 0.14935
TP3: 0.14264
Why pay attention to this structure?
- RSI 15M is at a high 61, 1D is range-bound, and 4H has a clear bearish direction.
- Current price 0.16053 is near the entry zone; TP1 0.15382, TP2 0.14935, stop loss 0.16948.
- Why now? Resistance at the top of the range is effective, the SHORT risk-reward ratio is over 2:1, waiting for confirmation.
Discussion:
Do you think this SHORT will hit TP2 first, or will there be a fake breakout followed by a pullback?