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【$SLX Signal】Bull defense and counterattack, 1H pullback stabilizes
$SLX Funding rate 0.034% low, bid depth 5.01, dense buying below. 1H MACD death cross but price hasn't broken 0.374, 4H Bollinger upper band 0.3951 still has room. Volume shrinking during trading, selling pressure digesting.
🎯Direction: Long
⚡Entry/Limit Order: 0.3768162 - 0.3779500
🛑Stop Loss: 0.3741705
🚀Target 1: 0.3836192
🚀Target 2: 0.3864539
🛡️Trade Management: - Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry level, exit automatically to protect principal.
Current risk-reward ratio 1.5, not yet reaching previous high of 0.425, short-term bullish momentum remains. Key support area around 0.374 has been tested twice with effective absorption.
View real-time market 👇 $SLX
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