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SLX bullish signal flashes, but the 1-day chart is still oscillating—false breakout or real start?
$SLX /USDT - LONG
Trading Plan:
Entry: 0.17695 – 0.18003
SL: 0.15932
TP1: 0.19287
TP2: 0.20245
TP3: 0.21683
Why focus on this structure?
- The 4-hour direction is clearly bullish, 77% confidence, 15-minute RSI at only 44.8, not yet overbought.
- Current price 0.17849 exactly coincides with the 1-hour EMA (0.17849), providing a dip-buying window.
- Targets: TP1 0.19287 (+8%), TP2 0.20245 (+13%), stop loss 0.15932 (-11%), with a reasonable risk-reward ratio.
Discussion:
Are you betting this move hits TP2 first, or does the 1-day oscillation continue to drag?