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Most retail traders are still busy chasing yesterday’s news while $SLX is quietly building the base for a violent leg higher .
$SLX - LONG
Trade Plan:
Entry: 0.461250
SL: 0.411250
TP1: 0.477000
TP2: 0.512500
TP3: 0.584000
Why this setup?
95% confidence on a 4h LONG setup. RSI 15m at 52.1400 (room to run). ATR 1h is 0.008400—tight squeeze priming for a breakout. Entry zone: 0.461250. First target 0.477000.
Debate:
Is this the quiet before the massive breakout, or is the market playing games before a retest of the MA(7)?
$SLX