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SLX, do you dare to follow this rebound?
$SLX /USDT - Go LONG
Trading plan:
Entry: 0.1078 – 0.1090
SL: 0.1009
TP1: 0.1140
TP2: 0.1178
TP3: 0.1234
Why focus on this structure?
- On the 4-hour level, there are bullish signals. The 1-hour P value of 0.1084 is well-supported, and after the 15-minute RSI at 37.45 is oversold, a rebound is likely imminent.
- Why now? The daily chart is consolidating, but the bulls are building momentum. TP1 at 0.1140 is within arm’s reach, and TP2 at 0.1178 still has room.
- Risk is controllable: SL is set at 0.1009, with a risk-reward ratio of 2.5+.
Discussion:
Do you want to hit TP1 and then pull back before going again, or hold straight through to TP2?