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SLX’s RSI has hit the bottom—who’s secretly accumulating?
$SLX /USDT - Go LONG
Trading plan:
Entry: 0.10500 – 0.10608
SL: 0.09876
TP1: 0.11062
TP2: 0.11401
TP3: 0.11910
Why watch this setup?
- 1-hour RSI is only 31.54, close to the oversold zone; the 4h EMA support at 0.10554 needs confirmation.
- 1D trend: ranging consolidation, but the LONG signal has 77% confidence, suggesting the main players are positioning at low levels.
- Enter now; TP1/TP2 are 0.11062 and 0.11401 respectively, with a risk-reward ratio over 2x.
Discussion:
In this LONG move, should it take TP2 first, or sweep the SL then pump?