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SLX’s 4-hour timeframe is brewing a SHORT opportunity—dare you follow it?
$SLX /USDT - Sell SHORT
Trading plan:
Entry: 0.11985 – 0.12127
SL: 0.12738
TP1: 0.11544
TP2: 0.11203
TP3: 0.10691
Why focus on this structure?
- The RSI on the 15-minute chart is 63.95, close to the overbought zone, so a short-term pullback is likely needed.
- The 1D trend is ranging, but the SHORT direction has a 55% confirmation rate, with an entry reference at 0.12056.
- Why now? The 4-hour EMA could be suppressing the price; TP1 at 0.11544 offers an enticing risk-reward setup.
Discussion:
Will this SHORT hit TP1 first, or will you go straight for the SL? Which side are you on?