$SLX Signal | Long | 4H Momentum Continuation

$SLX 4H RSI 75.93, the upper Bollinger Band at 0.3830 has been broken and held. On the 1H chart, the MACD red bars continue to expand, with buying pressure lifting the price to around 0.4006 over three consecutive bullish candles. Depth imbalance -32.37%, sell orders are thicker but the funding rate at 0.0238% has not yet reached the short-squeeze threshold. Short-term bullish momentum still has room to release.
🎯Direction: Long
⚡Entry/Limit Order: 0.3994 – 0.4006
🛑Stop Loss: 0.3966
🚀Target 1: 0.4066
🚀Target 2: 0.4096
🛡️Trade Management: - Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If the price falls back to the entry level, exit automatically to protect principal.
Looking at the 1H chart, the pullback near 0.3718 was quickly absorbed, and the last two candles show stable volume with decent buying support. The 4H chart has been pushing up with increasing volume without a clear bearish divergence structure. Chasing longs requires a tight stop loss.
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