$SLX BREAKS KEY RESISTANCE WITH CONFLUENCE ACROSS ALL MAJOR MOVING AVERAGES 📈
Entry: 0.2380 – 0.2450 🔥
Target: 0.2550 – 0.2660 – 0.2850 🚀
Stop Loss: 0.2240 ⚠️
The 4H chart for $SLX shows a clean breakout above the previous resistance structure, with price now holding firmly above the 7, 25, and 99 period moving averages. This alignment suggests a shift in momentum as buying pressure accelerates following the successful retest of the breakout zone.
Current volume profiles indicate sustained interest at these levels, reinforcing the validity of the current structure. Will this momentum hold through the next resistance cluster?
Not financial advice. Always manage your risk.
#SLX #TechnicalAnalysis #Crypto #PriceAction 🎯