🚨Is $SLX really finished after a 4x move?
I don’t think so.
The most important zone on the chart is $0.52-$0.54. Buyers defended it after the rejection from $0.69, and price stabilized instead of collapsing. As long as that support holds, I think $0.62 and $0.69 remain realistic targets, with $0.76-$0.80 possible if momentum returns.
For me, the bullish thesis only breaks below $0.48. Until then, I still think shorting $SLX is too early.
I don’t think so.
The most important zone on the chart is $0.52-$0.54. Buyers defended it after the rejection from $0.69, and price stabilized instead of collapsing. As long as that support holds, I think $0.62 and $0.69 remain realistic targets, with $0.76-$0.80 possible if momentum returns.
For me, the bullish thesis only breaks below $0.48. Until then, I still think shorting $SLX is too early.