Is the SLX short trap, or a real breakout?



$SLX /USDT - short SHORT

Trading plan:
Entry: 0.14434 – 0.14580
SL: 0.15211
TP1: 0.13979
TP2: 0.13627
TP3: 0.13099

Why focus on this structure?
On the 4H timeframe, a SHORT signal is issued, but on the 1D timeframe the trend is still ranging. RSI on 15M is 55.5, in a neutral-to-bullish range, waiting for direction confirmation. Current price is 0.14507. If it breaks below 0.14434, short-term bearish momentum will strengthen, targeting TP1 at 0.13979. Why now? Because RSI is not overbought, and ATR volatility is low—before a breakout, it’s easy to form a false move.

Discussion:
Will this wave of SLX reach TP2 0.13627 first, or is it an induced sell-off for a rebound?
SLX-3.45%
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