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SLX short signal has been issued. Who is the bag holder?
$SLX /USDT - SHORT
Trade Plan:
Entry: 0.16712 – 0.17022
SL: 0.18354
TP1: 0.15752
TP2: 0.15008
TP3: 0.13893
Why pay attention to this structure?
- Short signal on the 4-hour timeframe, 1D oscillating, RSI (15m) at 58.47 not overbought, room for further downside.
- Entry at 0.16867, TP1 at 0.15752 (-6.6%), TP2 at 0.15008 (-11%), stop loss at 0.18354 (+8.8%), risk-reward ratio 2.7:1.
- Currently in a waiting state; if it breaks below 0.16712, a short can be chased.
Discussion:
Will it hit TP2 first, or pump to 0.18 and then drop?