#rsiweakness
rsiweakness
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FADING THE $SLX LONG RUSH โ HERE'S WHY I'M SHORT ๐ฅ
Entry: 0.2665 ๐ฅ
Target: 0.2091 ๐
Stop Loss: 0.3430 โ ๏ธ
Everyone's piling into $SLX longs, but I'm looking the other way. The 15m RSI is already weak at 35.73 and we're sitting near the top of the 1h pivot range. ATR is tight โ that usually means a break lower can get violent fast. I'm taking the short with 80% confidence and aiming for a 21% drop to the first target.
Are you buying the dip or waiting for a flush below 0.2634?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #FadeTheCrowd #RSIweakness #TradingSignal
๐ฅ
Entry: 0.2665 ๐ฅ
Target: 0.2091 ๐
Stop Loss: 0.3430 โ ๏ธ
Everyone's piling into $SLX longs, but I'm looking the other way. The 15m RSI is already weak at 35.73 and we're sitting near the top of the 1h pivot range. ATR is tight โ that usually means a break lower can get violent fast. I'm taking the short with 80% confidence and aiming for a 21% drop to the first target.
Are you buying the dip or waiting for a flush below 0.2634?
Not financial advice. Always manage your risk.
#SLX #ShortSetup #FadeTheCrowd #RSIweakness #TradingSignal
๐ฅ
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