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Everyone is dip-buying SLX right now. That's exactly when I start looking the other way.
$SLX Short 25x | Rejection zone still in play
I'm already in this setup. The real test is the zone below.
Trade Plan:
- Entry: 0.10515 – 0.10561
- TP1: 0.10375 (R:R 1:0.8)
- TP2: 0.10266 (R:R 1:1.3)
- TP3: 0.10103 (R:R 1:2.0)
- SL: 0.10755
Why this setup?
- The 4h short structure is intact, with daily price still trapped in a range and reacting from 0.10515–0.10561 near 0.10538.
- 15m RSI sits at 37, giving sellers room to push lower without being overextended.
- 15m volume confirms real selling at 3.94x, with 1.20M traded versus 305.86K expected—this isn't noise.
My call. Your execution.
Trade here 👇 and If you're shorting SLX, what's your target—break below the zone or a bounce first?
#PreIPOsSeason2OpenAISubscription #GateDEXIntegratesWithRobinhoodChain