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Will SLX’s 4-hour short signal be different this time?
$SLX /USDT - SHORT sell
Trading plan:
Entry: 0.14485 – 0.14645
SL: 0.15335
TP1: 0.13987
TP2: 0.13602
TP3: 0.13025
Why focus on this setup?
- Current RSI on the 15-minute timeframe is only 51.7, not oversold, and there’s still room for downside for shorts.
- The 1-day trend is range-bound, but the 4-hour direction is clearly bearish, and ATR volatility is controllable.
- The entry reference is 0.14565, TP1 is at 0.13987, with a reward-to-risk ratio of about 2:1—aiming to capture an opportunity near the lower end of the range.
Discussion:
Will this time SLX hit TP2 first and continue lower, or will it bounce up near 0.14645 to bait a long?