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SLX bearish signal activated—how far can this pullback go?
$SLX /USDT - SHORT
Trading plan:
Entry: 0.10842 – 0.10952
SL: 0.11428
TP1: 0.10498
TP2: 0.10233
TP3: 0.09834
Why focus on this setup?
- Current SLX price is 0.10897; 15-minute RSI at 66 is approaching overbought, with short-term pullback pressure.
- On the 4-hour timeframe, it’s bearish; targets are TP1 0.10498, TP2 0.10233, stop loss 0.11428.
- Why now? RSI at a high level combined with daily consolidation makes the short entry point clear.
Discussion:
Will this drop first hit TP2, or is it a bull trap bounce?