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The SLX short signal is locked in—does this pullback target TP2?
$SLX /USDT - Sell SHORT
Trading plan:
Entry: 0.13357 – 0.13509
SL: 0.14161
TP1: 0.12887
TP2: 0.12523
TP3: 0.11977
Why focus on this structure?
- The 4H SHORT signal has been triggered. The entry price is 0.13433, and RSI (15m) is only 38.66—bearish continuation.
- The 1D trend is choppy, but the bearish thesis is clear: TP1=0.12887, TP2=0.12523, with a reward-to-risk ratio over 2x.
- Why now? RSI hasn’t reached oversold yet, and bearish momentum hasn’t been fully released. A short-term rebound is a chance to add to the position.
Discussion:
Will this first hit TP2, or will it lure with a rebound before dropping again?