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SLX bulls build up momentum— is 0.1199 the trigger point?
$SLX /USDT - go LONG
Trade plan:
Entry: 0.1191 – 0.1207
SL: 0.1105
TP1: 0.1269
TP2: 0.1316
TP3: 0.1386
Why focus on this structure?
- 4-hour LONG signal, confidence 77%; the trend is in a range-bound consolidation, just ahead of a breakout.
- 15-minute RSI 45.77, not overheated; entry reference at 0.1199, buy-the-dip range 0.1191-0.1207, with a clear stop loss at 0.1105.
- Target TP1 0.1269, TP2 0.1316— the risk-reward ratio looks tempting.
Discussion:
In this move, will SLX first push to TP2, or will it be a false breakout from the range?