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Is the SLX support at this 0.10888 a “hard floor” or just paper-thin?
$SLX /USDT - SHORT sell
Trading plan:
Entry: 0.10835 – 0.10941
SL: 0.11401
TP1: 0.10504
TP2: 0.10247
TP3: 0.09863
Why focus on this structure?
The 4H trend is clearly bearish, but on the 1D timeframe it’s still within a ranging zone. RSI on the 15m is at 52, neutral to weak—no oversold yet. Why now? 0.10888 is a key level on the 1H; once it breaks, TP1 at 0.10504 is where the move really looks possible. ATR is 0.002136, with low volatility, suitable for waiting for confirmation.
Discussion:
Do you think 0.10888 can hold up the bounce, or will it break straight down to 0.105?