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SLX: 4-hour bottom accumulation completed; reversal signal has appeared
$SLX /USDT - Go LONG
Trading plan:
Entry: 0.10724 – 0.10826
SL: 0.10140
TP1: 0.11251
TP2: 0.11569
TP3: 0.12045
Why watch this setup?
- Current price 0.10775 is in the 4-hour support zone; RSI (15m) = 46.6 is not overbought, with upside room.
- The 1-day trend is ranging, but the 4-hour bullish structure is confirmed; the TP1 target 0.11251 has only 4.4% upside.
- ATR (1h) = 0.002 indicates low volatility, suitable for scaling in.
- Why now? Price is stabilizing near the EMA; wait for a breakout confirmation with volume.
Discussion:
Will this move first reach TP2 0.11569 or get a bull trap pullback? Where are you placing your orders?