SLX short is set up in advance—can this resistance level really hold this move?



$SLX /USDT - SHORT

Trading plan:
Entry: 0.10566 – 0.10680
SL: 0.11172
TP1: 0.10211
TP2: 0.09936
TP3: 0.09524

Why focus on this structure?
RSI 15 minutes is 46.01, and the 4-hour structure is bearish; bullish momentum is insufficient. The 1D trend is ranging, but the current 0.10623 is exactly sitting in the 4-hour resistance zone. If it breaks below 0.10566, shorts will accelerate toward TP1 at 0.10211. Why now? Because the EMA moving averages are contracting—once they break down, liquidity will quickly get dumped.

Discussion:
Are you waiting for it to rebound to 0.1068 to add to the short, or entering directly?
SLX-3.98%
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