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SLX shorts are lying in wait; the 4H RSI hints at a reversal.
$SLX /USDT - SHORT
Trading plan:
Entry: 0.11738 – 0.11888
SL: 0.12536
TP1: 0.11271
TP2: 0.10909
TP3: 0.10367
Why focus on this structure?
- Direction: SHORT. Entry 0.11813, stop-loss 0.12536 (about 6% room).
- Why now? The 1D trend is ranging; the 1H RSI 48.31 hasn’t reached oversold, while bearish momentum is building.
- Targets: TP1 0.11271 (-4.6%), TP2 0.10909 (-7.7%), favorable risk-reward.
Discussion:
Will this wave hit TP2 first, or is it a short-manipulation rally (baiting shorts)?