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SLX—this bearish signal, would you dare to follow it?
$SLX /USDT - SHORT
Trading plan:
Entry: 0.1445 – 0.1461
SL: 0.1530
TP1: 0.1396
TP2: 0.1357
TP3: 0.1300
Why focus on this structure?
- RSI on the 15-minute chart is at 43.05, weak; the 4-hour bearish trend is confirmed.
- The current price is 0.1453, right at the EMA resistance zone—there’s more downside room than upside.
- Why now? The 1-hour ATR is only 0.003192, volatility is low, and the breakout probability is high; TP1 at 0.1396 has a good risk-reward ratio.
Discussion:
Do you think this will drop straight to TP2, or will it lure longs first before falling?