$SLX is printing an interesting setup on the 1H chart, establishing a key retest phase after an explosive run. The price charged aggressively from the 0.1650 base, surging past key local barriers to post a massive peak at 0.26648. Following this vertical impulse, the asset has entered a sharp corrective phase to flush out late longs, pulling back directly into a major structural demand zone around the 0.2100 psychological level. If buyers successfully build a consolidation floor and hold this crucial support area, the current dip offers an excellent high-reward entry point before a bullish reversal triggers the next major expansion wave.
Target 1: 0.2550
Target 2: 0.2900
Target 3: 0.3250
SLXUSDT
Trvl
0.17636
+0.56%