Most traders are still bullish on SLX—here’s why the data says they’re wrong.



$SLX /USDT - SHORT

Trade Plan:
Entry: 0.19059 – 0.19549
SL: 0.21658
TP1: 0.17538
TP2: 0.16361
TP3: 0.14596

Why this setup?
4h timeframe shows a clear SHORT bias with 55.4% confidence. Price is stuck in a daily range, but RSI on 15m is at 56.36—not oversold, leaving room to drop. Entry at 0.19304 with TP1 at 0.17538 gives a 9.2% move before any real support. The “waiting” status means the setup hasn’t triggered yet—this is the calm before the breakdown.

Debate:
If 0.19059 breaks, are you shorting into TP1 or waiting for a retest?
SLX-11.7%
post-image
post-image
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