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SLX long position in ambush, 4-hour level signal triggered.
$SLX /USDT - LONG
Trade Plan:
Entry: 0.19503 – 0.19875
SL: 0.17366
TP1: 0.21431
TP2: 0.22592
TP3: 0.24334
Why pay attention to this structure?
- Current price 0.19689, close to 1-hour EMA support, RSI 15-min 46.91 not overbought.
- 1-day trend is sideways, but 4-hour direction is clearly bullish, entry zone 0.19503-0.19875.
- Targets TP1 0.21431, TP2 0.22592, stop loss 0.17366, risk-reward ratio reasonable.
- Why now? Price retested support zone, bullish signal confirmed, waiting for breakout.
Discussion:
Will SLX first hit TP1 in this move, or rally after consolidation? Where is your entry point?