SLX 4-hour short order positioned, price pinned at the key level 0.11911



$SLX /USDT - SHORT sell

Trading plan:
Entry: 0.11830 – 0.11992
SL: 0.12689
TP1: 0.11328
TP2: 0.10939
TP3: 0.10355

Why focus on this setup?
- 1D trend is ranging, but the 4h direction is clearly SHORT; RSI on 15m is 52.88, not overbought.
- ATR on 1h is only 0.003241, with low volatility—suitable for waiting to trigger and then taking the range.
- Current price is 0.11911; if it breaks below 0.11830, TP1 at 0.11328 is the target.
- Why now? Wait for confirmation; stop-loss is 0.12689, and the risk-reward ratio is reasonable.

Discussion:
Is this short move directly probing TP1, or will it first sweep the stop-loss and then reverse?
SLX1.13%
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