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SLX longs have orders set at 0.1225—don’t wait for a breakout to get in.
$SLX /USDT - LONG
Trading plan:
Entry: 0.12182 – 0.12322
SL: 0.11376
TP1: 0.12909
TP2: 0.13347
TP3: 0.14004
Why watch this setup?
- 4-hour LONG signal with confidence 77.4%; the 1-day trend is a ranging consolidation, suitable for buying dips.
- RSI on the 15-minute timeframe is 46.68, not overheated, with plenty of room for a rebound.
- Entry reference 0.12252; TP1 at 0.12909 (+5.3%), TP2 at 0.13347 (+8.9%); the stop loss 0.11376 is controllable.
- ATR on the 1-hour chart is only 0.0028, with relatively mild volatility—this is a good time to set up.
Discussion:
For this move, do you take profit at TP1 first or TP2? Will you go long at 0.1225 or wait for confirmation at 0.1232?