Everyone expects SLX to bounce—I’m watching it bleed into TP3 territory instead.



$SLX /USDT - SHORT

Trade Plan:
Entry: 0.32037 – 0.32815
SL: 0.36162
TP1: 0.29624
TP2: 0.27756
TP3: 0.24954

Why this setup?
RSI on 15m is oversold at 31.97, but the 1D trend is range and the 4h structure favors shorts. With a 55% confidence short bias and entry at 0.32426, the downside to TP1 (0.29624) is 8.6%—and TP3 (0.24954) is 23% away. The ATR on 1h (0.0156) shows room to slide. Why now? Momentum aligns with the short setup while the crowd waits for a reversal that isn’t confirmed.

Debate:
Are you fading this oversold RSI or riding the slide to TP2?
SLX-20.83%
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