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$SLX is showing continuous bullish momentum on the 1D frame, up +12.07% on the day. After constructing a major multi-month bottom near 0.13906, a strong vertical expansion phase pushed price action to an impressive peak of 0.69000 before encountering supply.
The pair is currently stabilizing and forming a high-level consolidation structure around 0.54247, well-supported by the ascending MA5 at 0.44061. High breakout risk persists; if the bulls establish a strong base here and absorb the long upper wick, it clears the path to challenge the 0.69000 resistance ceiling once more.
Trading Setup
Entry Zone: 0.48500 - 0.52500
TP1: 0.62000
TP2: 0.69000
TP3: 0.76000
Stop-Loss: 0.42000
#Get2SharesOfSKHynixAtZeroCost #MicronOvertakesMetaInMarketValue