SLX shorts are setting up a trap—what signal are the main players waiting for?



$SLX /USDT - Sell SHORT

Trading plan:
Entry: 0.15555 – 0.15717
SL: 0.16413
TP1: 0.15053
TP2: 0.14665
TP3: 0.14082

Why focus on this setup?
• The 4-hour short signal has been activated. Entry 0.15636, 15-minute RSI is 47.23. It hasn’t reached oversold yet, so there’s still downside room.
• The 1-day trend is ranging, but the bearish structure is intact. This is currently a high-probability window before a breakout.
• TP1 is 0.15053, TP2 is 0.14665, stop loss is 0.16413, with a reward-to-risk ratio above 2:1.
• Why now? RSI is in a neutral zone and hasn’t rebounded; bearish momentum can release at any time.

Discussion:
Will this move reach TP2 first, or is it a stop-hunt bounce? Where do you set your stop loss for your short?
SLX-3.66%
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