Is SLX’s short trap or a real breakout?



$SLX /USDT - Short SHORT

Trading plan:
Entry: 0.16400 – 0.16650
SL: 0.17725
TP1: 0.15625
TP2: 0.15025
TP3: 0.14125

Why focus on this setup?
On the 4h timeframe, a SHORT signal is issued, but the 1D trend is still ranging; RSI on the 15m is in the neutral zone at 48.48. The key range is 0.16400–0.16650. If it breaks below 0.15625, downside will be confirmed; otherwise, it may rebound to 0.17425. The current entry is 0.16525, stop loss is 0.17725, and the risk-reward ratio is about 1.5:1.

Discussion:
Will this move reach TP1 at 0.15625 first, or will it fake a breakdown and then bounce back to 0.17425?
SLX6.61%
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