$SLX Early morning this volume-driven bullish candle directly broke through the previous resistance at 0.185, with 24-hour trading volume reaching 19 million USD, tripling the average daily volume of the past two days. The main force's manipulation method in this rally is extremely aggressive—pushing from 0.149 to 0.196 without a proper pullback, but note that the 15-minute MACD divergence has already formed, and the KDJ is turning down in the overbought zone. Entering at this level carries a high risk and low reward, but the technical breakout signal is solid, making it suitable for the second wave after a pullback.

Let me break down the specific data for you: the current price of 0.1923 is exactly at the Fibonacci 0.618 retracement level (around 0.193), with the first support below at the 0.178-0.182 range, corresponding to the 4-hour EMA20. If the price retraces without breaking below 0.178, it’s likely a W-bottom breakout confirmation, with a target reaching the previous accumulation zone at 0.215. But if volume pushes the price below 0.168, this will be a false breakout trapping buyers, and a stop-loss is necessary.
Trading strategy: wait for a pullback to the 0.178-0.182 range to go long, with a stop-loss below 0.165, first take profit at 0.203, second at 0.215. Keep position size within 15% of total funds. Although volume has increased, turnover rate is still not enough; if a second divergence appears on the 15-minute chart, exit decisively. Remember, the first retracement after a breakout is the safest entry point—don’t rush in blindly.
P.S. I’ve been watching the 0.215 level. If that level is broken with sufficient volume, the space could open up to 0.25. If the next 4-hour candle closes above 0.195, it indicates the main force is still accumulating. Believers follow, skeptics watch the show. One last question: do you think this wave is a pullback for a re-entry or a continuation of the rally to blow out the shorts? Leave a poll in the comments—long or short—and I’ll see which side has more people.