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SLX long’s last escape window?
$SLX /USDT - Sell short SHORT
Trading plan:
Entry: 0.13787 – 0.13937
SL: 0.14582
TP1: 0.13322
TP2: 0.12962
TP3: 0.12422
Why focus on this structure?
The 15-minute RSI has fallen to 34.14, nearing the oversold zone, but the daily chart is still in a ranging pattern. The 4-hour trend is clearly bearish; the entry at 0.13862 is right near the current price. TP1 is set at 0.13322, with a risk-reward ratio of about 1:3. Why now? The RSI rebound lacks strength, and the bearish momentum hasn’t been fully released.
Discussion:
Will this SHORT hit TP1 first, or will it spike up on a rebound directly?