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Everyone’s sleeping on SLX while the 4H just flashed a 77% confidence long—are you next?
$SLX /USDT - LONG
Trade Plan:
Entry: 0.18856 – 0.19378
SL: 0.15856
TP1: 0.21563
TP2: 0.23194
TP3: 0.25640
Why this setup?
RSI on 15M is at 34.88, deeply oversold in a range-bound 1D trend. The entry zone (0.18856–0.19378) aligns with a key support bounce. Why now? The ATR is tight (0.01045), suggesting a volatility squeeze is imminent. TP1 at 0.21563 offers a 12%+ move before any resistance.
Debate:
Is this a trap or the start of a 30% rip to TP3? Who’s already positioned at 0.191?