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Is SLX forming a hidden LONG opportunity on the 4H chart?
$SLX /USDT - Go LONG
Trade plan:
Entry: 0.11523 – 0.11669
SL: 0.10685
TP1: 0.12280
TP2: 0.12735
TP3: 0.13419
Why focus on this structure?
- The 1D trend is ranging, but the 4H direction is clearly bullish, with 77% confidence.
- RSI on 15m is 50.29, not overbought, with upside room.
- The current price 0.11596 is near EMA support; breaking 0.11669 can trigger a LONG.
Discussion:
Will this LONG hit TP2 0.12735 first, or will it retrace to SL 0.10685 first?