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SLX long positioning, 3x potential hidden in consolidation?
$SLX /USDT - Long
Trading Plan:
Entry: 0.20115 – 0.20607
SL: 0.17287
TP1: 0.22666
TP2: 0.24203
TP3: 0.26509
Why focus on this structure?
- 4H long signal, confidence 77%, entry 0.20361, TP1 at 0.22666 (+11%), TP3 at 0.26509 (+30%).
- 1H RSI 55.06, not overbought, EMA support valid; ATR only 0.00985, low volatility range accumulating, high probability of breakout.
- Daily consolidation pattern, but SLX is bouncing from the 0.2038 area, bullish momentum not exhausted.
Discussion:
Will this move reach TP2 at 0.242 first, or a fakeout and retest of SL? What do you think?