SLX short trap? RSI has already dropped to 35, but the bulls are still holding on at 0.14.



$SLX /USDT - SHORT

Trading plan:
Entry: 0.14176 – 0.14332
SL: 0.14999
TP1: 0.13695
TP2: 0.13322
TP3: 0.12763

Why focus on this structure?
- 4H SHORT signal, but the 1D trend is ranging—not a one-way selloff.
- RSI on 15M is 35.45, close to oversold; a short-term rebound may be possible.
- Entry at 0.14254, TP1 at 0.13695, but SL at 0.14999—the risk/reward is still acceptable.
- Why now? Bearish momentum is weakening, but if 0.14 support breaks, downside room opens up.

Discussion:
At 0.14, are you chasing the short, or waiting for a rebound before going short?
SLX-0.47%
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