SLX short position this round—there’s something hidden in the 4-hour timeframe.



$SLX /USDT - short SHORT

Trading plan:
Entry: 0.11750 – 0.11898
SL: 0.12534
TP1: 0.11291
TP2: 0.10936
TP3: 0.10403

Why focus on this structure?
- RSI on the 15-minute chart is 47.54, neutral to slightly weak—there’s room for the bears.
- The 4-hour trend is range-bound, but the SHORT signal is already triggered, with an entry at 0.11824.
- ATR on the 1-hour timeframe is only 0.00296, with low volatility—good for setting up. Why now? Because once the lower edge of the range breaks, TP1 at 0.11291 is the first target.

Discussion:
Will this SLX move hit TP2 at 0.10936 first, or is it a stop-hunt before a bounce?
SLX-3.06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned