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$SLX /USDT 4-hour chart shows hidden reversal signal, are you brave enough to follow?
$SLX /USDT - LONG
Trading Plan:
Entry: 0.20248 – 0.20682
SL: 0.17759
TP1: 0.22494
TP2: 0.23847
TP3: 0.25876
Why focus on this structure?
- RSI on 15min is only 52.64, not overheated; 1-hour ATR of 0.0087 shows mild volatility, suitable for positioning.
- The 4-hour direction is clearly LONG with 77.4% confidence, entry reference at 0.20465, TP1 0.22494 offers 10% upside.
- Daily chart shows a consolidation pattern, but the current EMA support is unbroken, making it the best time before the breakout.
Discussion:
Go for TP1 first or wait directly for TP2 at 0.23847? Post your strategy in the comments!