Is SLX going to crash? The 4-hour short signal has already triggered!



$SLX /USDT - SHORT to sell short

Trading plan:
Entry: 0.1189 – 0.1205
SL: 0.1273
TP1: 0.1140
TP2: 0.1102
TP3: 0.1046

Why focus on this setup?
• 4-hour RSI is 56.75 on the 15-minute chart; not overbought, still room to the downside
• The 1D trend is ranging, but the short entry at 0.1197 targets TP1 at 0.1140, with a good risk-reward ratio
• Stop loss is only set at 0.1273, risk is controllable, suitable for short-term trading

Discussion:
Will this move hit TP2 first, or is it a bull trap?
SLX-4.77%
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