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SLX’s short signal has been activated on the 4-hour timeframe—are you in?
$SLX /USDT - Short SHORT
Trading plan:
Entry: 0.14100 – 0.14270
SL: 0.15006
TP1: 0.13570
TP2: 0.13159
TP3: 0.12544
Why focus on this structure?
- RSI 15 minutes 63.65, nearing the overbought edge, with increasing short-term pullback pressure.
- The 1D trend is ranging, and the 4-hour direction is clearly SHORT, with an entry reference at 0.14185.
- Why now? EMA and ATR show stable volatility; TP1 0.13570 is within 1.5 ATR, with risk under control.
Discussion:
Will this SHORT hit TP1 first, or get stopped out by an EMA rebound?