$SLX is failing to hold the reclaim and giving sellers room before momentum becomes deeply stretched and the next close matters more than the first reaction.
Short | Futures | 1H
Entry: 0.08875 – 0.08909
TP1: 0.08777 (R:R 1:1.03)
TP2: 0.08669 (R:R 1:1.99)
TP3: 0.08600 (R:R 1:2.61)
Stop Loss: 0.09004
The lower and higher timeframes are leaning the same way; volume confirmation is still thin.
Risk: A 1h close above 0.09004 invalidates the short structure.
NFA. DYOR.
Short | Futures | 1H
Entry: 0.08875 – 0.08909
TP1: 0.08777 (R:R 1:1.03)
TP2: 0.08669 (R:R 1:1.99)
TP3: 0.08600 (R:R 1:2.61)
Stop Loss: 0.09004
The lower and higher timeframes are leaning the same way; volume confirmation is still thin.
Risk: A 1h close above 0.09004 invalidates the short structure.
NFA. DYOR.