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SLX long and short tug-of-war—who is secretly adding to their position?
$SLX /USDT - go short SHORT
Trading plan:
Entry: 0.1564 – 0.1580
SL: 0.1653
TP1: 0.1512
TP2: 0.1471
TP3: 0.1411
Why focus on this structure?
- The 4H trend is clearly bearish/short; the RSI on the 15m is 49.67, in neutral-to-weak conditions, with downside still available.
- 1H ATR is 0.003355, volatility is low, which is suitable for setting up and waiting for a breakout.
- With entry around 0.1572, stop loss at 0.1653, and a reasonable risk-reward ratio.
Discussion:
For this move, do we hit TP1 first at 0.1512, or do they bait a long move to 0.1580 before smashing it down?