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SLX ambushing at 0.1943, will this Long blow up the shorts?
$SLX /USDT - Long
Trading Plan:
Entry: 0.1919 – 0.1967
SL: 0.1648
TP1: 0.2164
TP2: 0.2311
TP3: 0.2533
Why pay attention to this structure?
- 4-hour level signal, Long direction, confidence 77%.
- Current RSI 15-minute 40.49, near oversold, high rebound potential.
- 1-day range consolidation, but 1-hour support at 0.1943 unbroken, entry zone clear.
- Targets TP1 0.2164, TP2 0.2311, risk-reward ratio over 2:1.
- Why now? Low RSI + lower range boundary, a good time to buy the dip.
Discussion:
Will this one hit TP2 first, or a bull trap?