$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
SLX8.54%
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ReminderOfWavesCrashingAgainst
· 2h ago
The stop loss at 0.42 is set quite conservatively, and the risk-reward ratio looks okay.
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LittleSunOfStainedGlass
· 3h ago
The multi-month bottom structure is solid, now we just need a breakout with volume.
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NonceNinja
· 4h ago
The resistance at the previous high of 0.69 is quite strong; it's normal that it can't break through in one go.
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GateUser-f92ba9fa
· 4h ago
TP3 seeing 0.76 is a bit optimistic, but if the trend is there, you can dream.
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StardustUnderTheGlassDome
· 4h ago
0.485-0.525 building positions in batches, in line with my habit
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0xLateDiner
· 5h ago
SLX has already multiplied several times from 0.14 in this wave. Now chasing it, the risk-reward ratio needs to be weighed.
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BudgetDeFi
· 5h ago
The entry range is given in detail, followed.
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NeonStreetReflections
· 5h ago
If the long upper shadow is engulfed, then room for upside opens up.
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MirrorBallGazingAtTheSky
· 5h ago
High-level consolidation fears false breakouts the most; wait for confirmation before chasing.
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DoNotTouchTheLiquidationLine.
· 5h ago
Micron surpasses Meta's market cap? The storage chip cycle has reversed.
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