SLX short signal just triggered—don’t rush to catch a falling knife.



$SLX /USDT - Short

Trading plan:
Entry: 0.10168 – 0.10276
SL: 0.10738
TP1: 0.09835
TP2: 0.09578
TP3: 0.09191

Why pay attention to this setup?
On the 4-hour timeframe, the bearish direction has been confirmed. The RSI on the 15-minute chart is only 36.26, and momentum is weak. The current entry price is 0.10222; TP1 is 0.09835, and the risk-reward ratio is over 2x. Why now? Within the trend-chop range, the shorts are repeatedly testing the lower support—low probability of a bull trap.

Discussion:
Will this leg of the downside move hit TP2 0.09578 directly, or will it first bounce to 0.105 and then drop?
SLX2.92%
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