SLX 4-hour timeframe: is this bulls’ trap, or a real breakout?



$SLX /USDT - Go LONG

Trading plan:
Entry: 0.10054 – 0.10164
SL: 0.09424
TP1: 0.10623
TP2: 0.10965
TP3: 0.11479

Why focus on this setup?
- Current price 0.10109, EMA bullish alignment; 1-hour RSI 36.28 near oversold, with a higher rebound probability.
- Why now? The 4-hour LONG signal is confirmed. TP1 at 0.10623 has only 5% upside, but with trend consolidation, buying the dip is safer than chasing.
- Stop loss at 0.09424 is clear; the risk-reward ratio is 2:1, suitable for short-term trades.

Discussion:
Will this move reach TP2 first at 0.10965, or will it be a bull trap and get dumped back to 0.097?
SLX2.45%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned