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Is the SLX long bulls’ last celebration? The shorts are already lying in wait at 0.15584
$SLX /USDT - Short SHORT
Trading plan:
Entry: 0.15505 – 0.15663
SL: 0.16343
TP1: 0.15015
TP2: 0.14635
TP3: 0.14066
Why pay attention to this structure?
The 4-hour SHORT signal has been triggered. RSI on the 15-minute timeframe is at 44.1, in a weak zone, and the 1-day trend is in a choppy/sideways pattern. The current price, 0.15584, is right at the short reference entry level. Below, TP1 is 0.15015, TP2 is 0.14635, and the reward-to-risk ratio is over 2:1. Why not enter now?
Discussion:
Do you think SLX will first hit TP2, or get a fake breakout that sweeps the stop-loss before reversing?