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SLX is brewing a drop—did you get on board?
$SLX /USDT - SHORT to short
Trading plan:
Entry: 0.10721 – 0.10825
SL: 0.11269
TP1: 0.10401
TP2: 0.10153
TP3: 0.09781
Why focus on this setup?
- The 15-minute RSI is only 40.94, and the bearish momentum keeps building.
- The 4-hour trend is bearish; short-term rebounds lack strength. The entry at 0.10773 has already been triggered.
- Target TP1 at 0.10401, TP2 at 0.10153, stop loss at 0.11269, with a risk-reward ratio close to 3:1.
- Why now? The daily range hasn’t been broken; the bearish signals are clear—waiting for acceleration.
Discussion:
Will this SLX move reach TP2 first, or will it be a bear-trap fakeout?