$SLX spent a long time consolidating after defending its support zone, with buyers steadily absorbing supply before the breakout finally arrived. The 1H chart shows a strong resurgence toward 0.3500, and even after the sharp move, price is still holding near the highs instead of seeing a major pullback 👀
Setup:
• Entry: 0.3280 – 0.3360
• Target 1: 0.3450 🚀
• Target 2: 0.3600 🔥
• Target 3: 0.3800 💰
• Stop-loss: 0.3180
RSI around 97.18 shows extremely strong momentum, with bulls firmly controlling the short-term trend. Right now this looks like a chart where buyers are trying to stabilize after an aggressive breakout, and if the current range continues holding, the bullish continuation could extend further on the 1H timeframe 📈
Trade #SLXAlpha here
SLX
Alpha
0.26242
-23.77%