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SLX shorts set up, 4-hour EMA death cross imminent
$SLX /USDT - Short SHORT
Trading plan:
Entry: 0.10266 – 0.10376
SL: 0.10851
TP1: 0.09923
TP2: 0.09658
TP3: 0.09260
Why focus on this structure?
- 15-minute RSI is only 39.81, bearish momentum has not fully faded.
- Daily consolidation range; the 4-hour trend is clearly downward.
- Key resistance is 0.10321—on any bounce, this is a good spot to short.
Discussion:
Will this drop first hit TP1 at 0.09923, or should it directly smash through TP2?