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SLX is about to turn, and a SHORT signal is quietly emerging.
$SLX /USDT - Short SHORT
Trading plan:
Entry: 0.14 – 0.14
SL: 0.15
TP1: 0.13
TP2: 0.13
TP3: 0.12
Why pay attention to this setup?
- The 4-hour structure is clearly pointing toward SHORT. Although the 1D trend is still ranging, the RSI on the 15-minute timeframe has reached 61.69, nearing the overbought area, and rebound momentum is fading.
- The current price is 0.14. TP1 is set directly at 0.13; the risk-reward ratio is close to 1:1, and the stop-loss at 0.15 keeps the risk under control.
- Why now? Short-term indicators are overheated, and the bearish signal has been triggered. The end of a range often becomes the breakout point.
Discussion:
In this SLX move, do we take TP at 0.13 first, or does it run higher to 0.15 first (stop-run), then get dumped?