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SLX shorts set up ambush, 4-hour timeframe signals are armed
$SLX /USDT - SHORT
Trading plan:
Entry: 0.13477 – 0.13631
SL: 0.14295
TP1: 0.12999
TP2: 0.12628
TP3: 0.12073
Why focus on this setup?
- Current price 0.13554, 15-minute RSI is only 43.77, momentum is weak
- The 4-hour trend is neutral, but the short signal is activated; TP1 at 0.12999 (-4.1%)
- ATR 0.003086, volatility is moderate, suitable for short-term trading
- Why now? The range-bound move is at its end; the direction is about to be decided, and the short has better odds
Discussion:
Will this short hit TP2 at 0.12628 first, or will it get blown up by the SL? What do you think?