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SLX’s 4-hour fake breakout—who’s taking the bag?
$SLX /USDT - short SHORT
Trading plan:
Entry: 0.10858 – 0.10964
SL: 0.11418
TP1: 0.10531
TP2: 0.10277
TP3: 0.09897
Why watch this structure?
- The current price is around 0.10911, with EMA and RSI (15m=51) neutral but slightly weak.
- The 1D trend is range-bound, but the 4-hour signal clearly points to SHORT, with TP1 at 0.10531.
- Why now? RSI isn’t oversold, and ATR (1h=0.002112) shows volatility compression, ahead of the breakout night.
Discussion:
Will this short push first to TP2 (0.10277), or will it fake a breakdown and rebound to SL? What do you think?