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SLX’s 4-hour EMA death cross confirmed—bears are lining up at the door.
$SLX /USDT - SHORT
Trading plan:
Entry: 0.1378 – 0.1394
SL: 0.1466
TP1: 0.1326
TP2: 0.1286
TP3: 0.1226
Why focus on this setup?
- RSI (15 minutes) 57.25, not oversold, bounce momentum is limited
- 4-hour trend is bearish; the 1-hour EMA is capping at 0.1386
- Current price at 0.1386; TP1 0.1326 (-4.3%), SL 0.1466
Why now? RSI isn’t extreme; the EMA is arranged bearish—waiting for a break above 0.1386 to confirm.
Discussion:
Will this move hit TP1 first and stop out, or directly wick to 0.1286?