SLX short alert, 4-hour timeframe starts moving
$SLX /USDT - SHORT
Trading plan:
Entry: 0.066 – 0.066
SL: 0.069
TP1: 0.064
TP2: 0.062
TP3: 0.059
Why pay attention to this setup?
-
$SLX /USDT is currently quoted at 0.066, with a choppy 1D trend and a short-term bearish bias on 4H
- The 15-minute RSI is 46.42, not oversold, so there is still room to move lower
- Entry at 0.066, TP1 0.064 / TP2 0.062 / TP3 0.059, SL 0.069
- Why now? The 1H ATR is only 0.001371; after volatility contracts, it is often followed by a directional breakout, with the odds favoring shorts
Discussion:
Will this move reac