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$SLX /USDT on the 4-hour timeframe — is a LONG signal brewing?
$SLX /USDT - Go LONG
Trading plan:
Entry: 0.11664 – 0.11814
SL: 0.10807
TP1: 0.12438
TP2: 0.12904
TP3: 0.13603
Why pay attention to this structure?
- RSI on the 15-minute timeframe is only 34.35, a rebound from the oversold zone may happen any moment.
- 4-hour EMA bull alignment, with support around 0.11739.
- Why now? 1-hour ATR is only 0.002987; low volatility, a breakout precursor.
- Targets: TP1 at 0.12438, TP2 at 0.12904, stop-loss at 0.10807.
Discussion:
Will this move reach TP2 first, or is it a bull trap?