How long can SLX bulls hold up against the EMA support at 0.10688?



$SLX /USDT - Go short SHORT

Trading plan:
Entry: 0.10634 – 0.10742
SL: 0.11204
TP1: 0.10301
TP2: 0.10043
TP3: 0.09656

Why focus on this structure?
On the 4-hour timeframe, the short signals have been confirmed, but the 1-day trend is still ranging. Current RSI (15m) = 50.43, slightly bearish in neutral territory, and ATR (1h) = 0.00215 indicates low volatility. Why now? The entry level 0.10688 sits right on the 1-hour EMA. If it breaks below 0.10634, it will accelerate to the downside, with the first target TP1 = 0.10301. But the 55.4% confidence level suggests you should watch out for a false breakout.

Discussion:
For this SHORT move, will it first hit TP1 at 0.10301, or will it bounce back to 0.10742 and lure longs first?
SLX-3.98%
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